Oil advanced after OPEC+ said it plans to pause output increases during the first quarter after making another modest hike for next month.
Brent crude rose above $65 a barrel, while West Texas Intermediate traded near $61. The Organization of the Petroleum Exporting Countries and its allies said on Sunday they would raise crude production by about 137,000 barrels a day in December, matching increases scheduled for October and November, then take a January-to-March hiatus.