The Us oil prices extended gains in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices.
NYMEX crude for February delivery CLc1 was up 16 cents at $53.18 a barrel by 0002 GMT, after closing up 7 cents at a 17-month high on Friday.
London Brent crude for February delivery LCOc1 was yet to trade after settling up 11 cents at $55.16 a barrel on Friday. Oil markets were closed on Monday after Christmas holiday. READ MORE»