Reuters
(Reuters) -Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were capped by rising output from other producers and caution over potential market volatility ahead of pending elections. U.S. West Texas Intermediate (WTI) crude futures were up 59 cents, or 0.72%, at $82.13. Both contracts gained about 6% in June, with Brent settling above $85 a barrel in the past two weeks after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, extended most of its deep oil output cuts well into 2025.