• Oil advanced after OPEC+ extended output curbs to stave off a global crude surplus.
  • Brent futures traded below $84 a barrel after a 2.4% gain last week. West Texas Intermediate was near $80, having breached the key psychological level on Friday.
  • The Organization of the Petroleum Exporting Countries and allies prolonged their 2 million-barrel-a-day cut by three months to the end of June, according to delegates. Traders and analysts had widely expected the extension.