Crude oil futures extended their surge on Monday after Saudi Arabia Crown Prince Mohammed bin Salman, through an anti-corruption crackdown made a series of moves to consolidate his power. The anti-corruption drive led by Saudi Arabia Crown Prince resulted in wave arrests of prominent Saudi Arabian including royals, ministers and investors, fuelling political risk in the region. The anti-corruption crackdown comes as optimism grew for an extension to the output-cut agreement beyond March amid comments from Saudi energy minister Khalid al-Falih.

Benchmark crude oil futures for December delivery ended higher by $1.71 or 3.1 percent at $ 57.35 a barrel on the New York Mercantile Exchange. Brent crude for January delivery was up by 3.3 percent to $64.11 a barrel on the ICE.

For More Commodity Market Tips So Missed Call On This Number>> 9644405056.