Ahead of a meeting of OPEC and its allies in Vienna, the most important oil producers in attendance are indicating there's likely to be an extension of a deal to curb oil production.
OPEC members are set to meet on July 1 in Vienna, followed by a meeting with non-OPEC states on July 2.
Oil prices rose sharply in the afternoon of Asian trading hours on Monday, with international benchmark Brent crude futures adding 2.58% to $66.41 per barrel. U.S. crude futures jumped 2.46% to $59.91 per barrel. and its allies in Vienna, the most important oil producers there are indicating there's likely to be an extension of a deal to curb oil production.
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