Crude oil prices were up on Monday as the Organization of Petroleum Exporting Countries (OPEC) and its allies agreed on Saturday to extend their current crude production cut agreement for an additional month.
International benchmark Brent crude was trading at $42.87 per barrel at 06:08 GMT for a 1.34% increase after closing Friday at $42.30 a barrel.
American benchmark West Texas Intermediate was at $39.94 a barrel at the same time for a 0.98% gain after ending Friday at $39.55 per barrel.
The 23-nation group known as OPEC+ will extend its total crude production curb of 9.7 million barrels per day (bpd) for a month beyond the expiry on June 30 to July 31.