Oil climbs on positive China data, hopes for US stimulus package
Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.
Brent crude rose 75 cents, or 1.7%, to $45.15 a barrel by 1335 GMT, and West Texas Intermediate (WTI) US crude was up 94 cents, or 2.3%, to $41.16 a barrel.
Saudi Arabian Aramco CEO Amin Nasser said on Sunday that he sees oil demand rebounding in Asia as economies gradually open up.
