NEW YORK: Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand.
Brent crude futures rose 81 cents, or 1%, to settle at US$79.70 a barrel. WTI crude futures rose 81 cents, or 1%, to settle at $76.75 a barrel.
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