Crude oil futures settle at $80.82

<p>Crude oil futures are settling at $80.82. That's up $0.31 or 0.39%.</p><ul><li>Oil prices rallied on Monday due to extended production cuts confirmed by Saudi Arabia and Russia.</li><li>Both Saudi Arabia and Russia agreed to continue their voluntary output cuts until the end of the year.</li></ul><p>The price traded between its recent five-day high and low prices. The low price for the last 5 days has been down at $80.10 while the high price reached up to $83.60. Today's range was $80.66 to $82.24.</p>

This article was written by Greg Michalowski at www.forexlive.com.