Oil rises on stimulus support and China data, set for monthly gains


SINGAPORE, Aug 31 (Reuters): Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-Covid levels in a well supplied market.

Brent crude futures for November climbed 28 cents, or 0.6%, to US$46.09 a barrel by 0435 GMT, while US West Texas Intermediate crude was at US$43.15 a barrel, up 18 cents, or 0.4%.

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Oil Prices , Nudging Up , Vhina , US Dollar , Backing

   

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