Brent crude futures for January settled at $62.13 a barrel, up 44 cents, or 0.7%. December U.S. crude futures rose 34 cents, or 0.6%, to end at $56.54 a barrel. Market optimism about progress in U.S.-China trade negotiations propelled U.S. stock indexes to record highs on Monday, elevating oil. Energy shares gained the most of the 11 major S&P 500 sectors.
HOUSTON: Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month.
Brent crude futures for January settled at $62.13 a barrel, up 44 cents, or 0.7%. December U.S. crude futures rose 34 cents, or 0.6%, to end at $56.54 a barrel.
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