Oil prices continued its journey uphill over the hope that OPEC might extend the production cuts. Brent increased by 0.7% and was traded at $63.01 a barrel. WTI went up by 0.8% and was traded at $58.31 a barrel. OPEC and OPEC+ countries will have a meeting this week in Abu Dhabi. And the market “is stirring up hopes for additional supply cuts”.