SINGAPORE: Oil prices edged up in early Asian trade on Monday ahead of China’s economic growth data, which is expected to show recovery in the top oil importer, offsetting concerns of an impact from the virus’ resurgence on consumption and rising supply.
Brent crude for December inched up 4 cents to $42.97 a barrel by 0018 GMT and U.S. West Texas Intermediate crude was at $40.90 a barrel, up 2 cents, a day before the November contract expires.
