Citing sources familiar with talks, Reuters on Monday reported that the OPEC, Non-OPEC Monitoring Committee members were in favour of extending the oil output extension for nine more months.
Crude oil prices, which received a strong boost from the ceasefire of the U.S.-China trade war, continues to push higher following these headlines. The barrel of West Texas Intermediate was last seen trading at its highest level since late May around the $60 mark, adding more than 3% on a daily basis.
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