Oil prices hold ground ahead of OPEC+ meeting on extended output cuts(Update)

Brent crude futures rose 0.3%, or 12 cents, to $38.44 a barrel as of 0011 GMT. U.S. West Texas Intermediate (WTI) crude futures traded in a 38 cent range on either side of Monday's close, and last traded up 0.3%, or 9 cents, at $35.53 a barrel

MELBOURNE: Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.

Brent crude futures rose 0.3%, or 12 cents, to $38.44 a barrel as of 0011 GMT.