Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016. Oil prices extended gains on Monday that have lifted crude benchmarks by more than a third from this year’s lows, as tightening supply and an improving global outlook strengthened the sentiment for a market recovery. Front-month Brent LCOc1 crude futures were trading at $39.37 a barrel at 0945 GMT, up 65 cents from their last settlement. In January, prices fell to levels not seen since 2003. U.S. West Texas Intermediate (WTI) futures fetched $36.57 a barrel, up 65 cents from the last close and 40 percent above February lows. The May WTI contract settled on Friday at $35.92 a barrel, up 3.91 percent. While data showed late last week that U.S. energy firms cut oil rigs for an 11th week in a […]