Brent oil prices rise after OPEC-led group announces 1.2 million bpd supply cut
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SINGAPORE (Reuters) - International oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January.International Brent crude oil futures were at $61.81 per barrel at 0016 GMT, up 14 cents, or 0.2 percent, from their last close.Prices surged on Friday after the Organisation of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers including heavyweight Russia..