Oil prices rose on Monday on optimism that the U.S. government shutdown could end soon and lift demand in the world's top oil consumer, offsetting concerns about rising supplies globally.
Brent crude futures rose 45 cents, or 0.71%, to $64.08 a barrel by 0426 GMT. U.S. West Texas Intermediate crude was at $60.23 a barrel, up 48 cents, or 0.80%.
China will suspend port fees levied on U.S.-linked vessels for a year, its transport ministry said on Monday.
The suspension will kick in from 13:01 local time (0501 GMT), the ministry said in a statement.
Source : Investing.com
Asian stocks were a mixed bag on Monday, with Japanese and South Korean markets leading gains on a rebound in technology shares, while China lagged even as data showed a mild improvement in local inflation.
The U.S. Senate on Sunday moved forward on a measure aimed at reopening the federal government and ending a now 40-day shutdown that has sidelined federal workers, delayed food aid and snarled air travel.
Applications for US unemployment benefits rose last week, according to a Bloomberg News analysis of unadjusted state-level filings released during the federal government shutdown.
Asian equities fell on Friday after Wall Street shares declined, weighed down by concerns over stretched artificial intelligence (AI) valuations and signs of a cooling labour market.