Oil gains 1 pct as Saudi minister stands by OPEC output cuts

New York — Oil prices rose 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. Brent crude futures were up 65 cents, or 1 percent, to $66.39 a barrel by 10:56 a.m. EDT (1456 GMT). U.S. West Texas Intermediate (WTI) crude … More »