PERTH/SINGAPORE: Oil prices climbed 2% on Monday after OPEC+ members reaffirmed a plan to hold output steady and 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 $1.22, or 1.96%, to $63.60 a barrel at 0732 GMT. U.S. West Texas Intermediate crude gained $1.22, or 2.08%, to $59.77. Both contracts hit their highest in more than a week.
