U.S. oil tops $30 as restrictions ease

Oil prices climbed by more than $1 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by optimism about the re-opening of economies and output cuts by major producers.

Brent crude LCOc1 was up $1.21, or 3.7%, at $33.71 a barrel by 0912 GMT, its highest level since mid-April.