Oil prices extend gains, but traders warn of weakness ahead

Oil rose further on Monday after a report of renewed calls by some OPEC members to restrain output, but analysts warned the bearish fundamentals that brought prices to four-month lows last week still lurked. The rise extended gains from a technical rally last week and came on the back of nascent optimism over an informal September meeting of the Organization of the Petroleum Exporting Countries (OPEC).

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