Oil prices open up around 1% after modest OPEC+ output hike

SINGAPORE (Reuters) -Oil prices rose about 1% at the start of trading on Monday after OPEC+ announced it would raise production from November by 137,000 barrels per day (bpd), the same modest monthly increase as in October, amid persistent worries over a looming supply glut. Brent crude futures rose 77 cents, or 1.2%, to $65.30 a barrel by 2203 GMT, while U.S. West Texas Intermediate crude was at $61.59, up 71 cents, or 1.2%. (Reporting by Emily Chow; Editing by Richard Chang)

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