LONDON—Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day.
Brent crude futures advanced by $2.43, or 2.6 percent, to $95.45 a barrel by 0850 GMT after rising 0.7 percent on Friday. U.S. West Texas Intermediate crude was up $2.21, or 2.5 percent, at $89.08 after a 0.3 percent gain in the previous session.
