FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture. REUTERS/Dado Ruvic
OIL prices nudged higher on Monday after OPEC+ members agreed to extend voluntary oil output cuts to the end of the second quarter, largely in line with market expectations, while Russia pledged to cut production and exports.
Brent futures was 14 cents, or 0.2% higher, at $83.69 a barrel at 0415 GMT, while the U.S. West Texas Intermediate (WTI) inched up 2 cents to $79.99 a barrel.
