
Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an Opec meeting this week.
Front-month Brent crude futures for September touched an intraday high of $66.14 a barrel and were up $1.12, or 1.7 per cent, at $65.86 a barrel by 1252 GMT.
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