SINGAPORE: Oil prices rose more than 1% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm.
Trump’s health update eased political uncertainty in global markets, pushing Brent up to $39.79 a barrel by 0140 GMT, gaining 52 cents or 1.3%. U.S. West Texas Intermediate (WTI) crude was at $37.64 a barrel, up 59 cents, or 1.6%.
