Oil prices rose on Monday after OPEC+ agreed during an online meeting held on Sunday to increase production again, albeit at a moderate pace, indicating some caution on the part of the group.
Eight OPEC+ members agreed to increase oil production by 137,000 barrels per day in October, given the stable global economic outlook and declining inventories.
Brent crude futures for November delivery rose 1.19%, or 78 cents, to $66.28 a barrel.
U.S. crude futures for October delivery also rose 1.15%, or 71 cents, to $62.58 a barrel.
Goldman Sachs left its oil price forecast for the current year unchanged, predicting a slightly larger oil surplus next year
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