Oil on track for biggest monthly gains in over a year

LONDON, July 31 (Reuters) – Oil prices were set to post their biggest monthly gains in more than a year on Monday, on expectations that Saudi Arabia will extend voluntary output cuts into September and tighten global supply.

Brent crude futures slipped 7 cents to $84.92 a barrel by 0819 GMT, while U.S. West Texas Intermediate crude edged up 10 cents to $80.68 a barrel.

View entirety: Reuters