Oil prices rise before OPEC+ meeting

Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.

Benchmark Brent crude LCOc1 rose 2.3%, or 88 cents, to $39.20 a barrel as of 0840 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 climbed 2%, or 72 cents, to $36.16 a barrel.