New Delhi, Nov. 10 -- Oil prices surged on Monday as the US government shutdown came to an end, though experts maintained that the overall outlook for crude remains bearish.

Crude oil prices extended gains for a second consecutive session. The crude oil prices rose by 0.98 per cent to USD 60.20 per barrel on Monday. Market participants viewed this development as a sign of easing policy uncertainty.

The upward momentum was supported by optimism that the resolution of the government shutdown would help restore confidence in the US economy.

US senators on Sunday reached a bipartisan deal to reopen the government after a record 40-day shutdown. The agreement, backed by at least eight Senate Democrats, would fund the government through Janu...