Oil gains more than 2% after OPEC+ delays output hike


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BANDAR SRI BEGAWAN, (Reuters): Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while the market braced for a crucial week that includes the U.S. presidential election and a key meeting in China.

Brent futures were up $1.81 per barrel, or 2.5%, to $74.91 a barrel at 0912 GMT. U.S. West Texas Intermediate (WTI) crude was up $1.86 a barrel, or 2.7%, to $71.35.

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