Oil climbs, Asian shares mixed as holiday-heavy week gets underway

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Reuters UK

By Sam Byford TOKYO (Reuters) – Oil jumped on Monday as OPEC+ considers a cut to output this week, while Asia shares were mixed with holidays in the Asia-Pacific region likely to result in thin trading. U.S. crude rose 3.01% to $81.88 a barrel after OPEC+ sources told Reuters oil production could be cut by between 500,000 and one million barrels a day. Brent crude rose 2.95% to $87.65 per barrel. On the first trading day of the quarter, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.43%, on course to decline for a fourth straight session. In Australia, where some states …

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