REUTERS

Brent crude LCOc1 futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT, as reported by Reuters.

Read alsoReuters: Oil prices edge down as wary traders eye upcoming OPEC+ meeting

West Texas Intermediate (WTI) crude CLc1 futures rose 0.56%, or 20 cents, to $35.64 a barrel.

Brent has doubled over the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries and allies, including Russia, a grouping dubbed OPEC+.

Both Brent and WTI prices, however, are still down about 40% for the year so far.

OPEC+ producers are considering extending their output cut of 9.7 million barrels per day (bpd), about 10% of global production, into July or August, at an online meeting likely to be held on June 4.