The meeting is aimed at freezing current output levels.
Brent crude futures, the global benchmark, were up 92 cents at 42.86 dollars a barrel, having touched a session high of 43.06 dollars, the highest level since December 7.
The gains build on last week’s rally, when crude rose 6 per cent in one session on the back of a drop in the rig count of U.S. drillers to its lowest since November 2009.
U.S. WTI crude also rose on Monday, gaining 82 cents to 40.54 dollars a barrel and touching an intra-day high of 40.75 dollars, near a three-week high.
“All commodities are going up. It could be (investors) buying into dips every now and then as people are looking for opportunities to get long,” Natixis commodity strategist Abhishek Deshpande said.
Gold prices also touched their highest level in almost three weeks, while silver and platinum were up more than 2 per cent.
A weaker U.S. dollar gave impetus to buyers as commodities priced in the currency became cheaper to purchase.
Oil traders continue to place hopes on the oil producers’ meeting to prop up crude prices that have been severely depressed by a global supply glut.
