LONDON (Reuters) - Oil prices rose on Monday after leading exporter Saudi Arabia said it will reduce output by 1 million barrels per day (bpd) on top of reductions agreed under an OPEC+ pact, though gains were capped by fears of a second wave of coronavirus infections.Brent crude was up 7 cents, or 0.2%, at $31.04 a barrel by 1242 GMT, while U.S. West Texas Intermediate crude rose 20 cents, or almost 1%, to $24.94. Both contracts had fallen by more than $1 earlier in the session. Global oil..