Oil prices extend gains on OPEC+ cuts, record China imports

SINGAPORE (Reuters) - Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high in May.Brent crude was up 89 cents, or 2.1%, at $43.19 per barrel, by 0500 GMT, while U.S. West Texas Intermediate (WTI) crude rose 62 cents, or 1.6%, to $40.17 a barrel.Both hit their highest since March 6 earlier in the session, at $43.41 and $40.44, respectively.Brent has nearly doubled since the Organization of..