Ammon News - Oil prices rose on Monday after OPEC+ members reaffirmed a plan to hold output steady, as the Caspian Pipeline Consortium halted exports after a major drone attack and U.S.-Venezuela tensions raised concerns about supply.

Brent crude futures advanced $1.01, or 1.62%, to $63.39 a barrel at 0401 GMT. U.S. West Texas Intermediate crude gained $1, or 1.71%, to $59.55.

Both contracts settled down on Friday for the fourth straight month, their longest losing streak since 2023, as expectations for higher global supply weighed on prices.

Reuters