Investing.com - Oil prices rose for the third session in a row on Monday amid mounting speculation about potential producer action to support prices in an oversupplied market.
U.S. crude was up 25 cents, or 0.56%, at $44.73 at 06:51 ET, while Brent crude tacked on 18 cents, or 0.38%, to $47.15.
Sentiment on oil was boosted late last week after comments from Saudi Arabia's energy minister, Khalid al-Falih, appeared to lend more credibility to the idea that OPEC might consider taking action if oil prices remained low.
Oil prices are up more than 10% so far in August.