Oil climbs ahead of data on global demand, US economy

Oil climbed following a sustained slide that dragged prices below $65 a barrel, with investors waiting for reports that will provide a snapshot on global demand and the health of the U.S. economy.

Futures in New York added 0.7% after losing 1.9% over the past three sessions. A monthly report from the International Energy Agency and a Federal Reserve policy statement are due Wednesday and will follow industry data that showed a drop in U.S. crude stockpiles last week. If confirmed by government figures, it would be the first draw since mid-February.

The market will also be looking for clues on the state of the US-China relationship after high level talks in Alaska later this week.