Oil edges up on prospect of U.S. interest rate cut - Reuters

Oil edges up on prospect of U.S. interest rate cut - Reuters:

Oil prices rose on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and worries about slower global economic growth. 

Brent crude LCOc1 gained 25 cents to settle at $63.71 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 67 cents to settle at $56.87 a barrel.

“Prices appear to be treading water ahead of this week’s events,” said John Kilduff, partner at Again Capital Management.