Oil futures traded higher Monday, getting a lift from optimistic remarks about demand from the chief executive of the world’s largest oil company and positive data out of China.
West Texas Intermediate crude for September delivery CL.1, 1.29% CLU20, 1.29% was up 55 cents, or 1.3%, at $41.77 a barrel on the New York Mercantile Exchange, while the global benchmark, October Brent crude BRNV20, +0.83%, gained 37 cents, or 0.8%, to trade at $44.77 a barrel on ICE Futures Europe.
