Oil prices rose in early trade in Tokyo on Monday after a decision by OPEC and its allies to maintain a production cut.

Benchmark Dubai futures rose briefly to 67,210 yen, or about $500 a kiloliter, on Monday before falling later in the day. At its peak, the gain was 570 yen higher than at the end of last week.

OPEC Plus announced on Sunday that the major oil-producing nations…

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