Crude prices soared on Monday as optimism ahead of an OPEC meeting grew after Russian President Vladimir Putin said he and Saudi Crown Prince Mohammed Bin Salman agreed to extend output cuts on the sidelines of the weekend G-20 meeting.
Also boosting crude, Canada’s oil-rich Alberta province announced surprise output curbs. Meanwhile news that U.S. and China agreed steps to thawing of trade tensions was lifting perceived riskier assets across the board.
