Saudi Arabia maintains oil export cuts as oil hits a 2 week high

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Oil prices prolonged gains to hit two-week highs on Monday, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies.

U.S. West Texas Intermediate crude for April delivery was up 25 cents, or 0.4 percent, at $63.80 a barrel by 0301 GMT after rising 3 percent last week.

London Brent crude gained 13 cents, or 0.2 percent, to $67.44, after climbing nearly 4 percent last week.

Both benchmarks earlier hit their highest since Feb. 7.

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