NEW YORK: Oil settled higher on Monday, supported by data suggesting Chinese factories were returning to pre-pandemic levels, signs of rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.
Brent crude settled up US59 cents, or 1.3%, to $44.99 a barrel. West Texas Intermediate U.S. crude was up 72 cents, or 1.8%, to $41.94 a barrel.
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