Oil settles higher on Chinese factory data, U.S. stimulus hopes - Reuters:
Oil settled higher on Monday, supported by data suggesting Chinese factories were returning to pre-pandemic levels, signs of rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.
Brent crude LCOc1 settled up 59 cents, or 1.3%, to $44.99 a barrel. West Texas Intermediate U.S. crude CLc1 was up 72 cents, or 1.8%, to $41.94 a barrel.
Prices also found support after U.S. President Donald Trump tweeted that top congressional Democrats wanted to meet with him on coronavirus-related economic relief.
The talks between Democrats and the Trump administration broke down last week.
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