Oil prices climb over 1% after OPEC+ reaffirms pause; supply risks in focus
Oil prices rose more than 1% in Asian trading on Monday, supported by OPEC+’s reaffirmation to hold output steady during the first quarter, and by renewed supply concerns stemming from geopolitical tensions.
As of 20:52 ET (01:52 GMT), Brent Oil Futures expiring in February rose 1.2% to $63.13 per barrel, while West Texas Intermediate (WTI) crude futures also jumped 1.2% to $59.27 per barrel.
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