Oil prices were higher today gaining more than $1/bbl on the expectation that OPEC+ will maintain supply curbs. “This week’s upside follow through is being facilitated by a significant weakening in the dollar and a growing consensus that OPEC+ will extend production cuts at the upcoming weekend meeting,” said Jim Ritterbusch of Ritterbusch and Associates. Oil extended a more than 1% rise in trade on Monday that was muted due to the holiday, with hopes of a demand boost from the first tradable day since the start of the U.S. summer driving and vacation season providing support. Worries over U.S. interest rates remaining elevated for a longer period contributed to a weekly loss for crude last week and may keep a cap on prices in the coming weeks. WTI traded up $2.11 or 2.7% to close at $79.83. Brent traded up $1.12 or 1.4% to close at $84.22.