Oil rallies as stock market rebounds

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NEW YORK (Reuters) – Oil prices rose on Monday, supported by a rebound in the stock market as concerns of a trade war between the United States and China eased.

Brent crude LCOc1 futures rose $1.25 to $68.36 a barrel, a 1.9 percent gain, by 12:29 p.m. EDT (1629 GMT).

U.S. West Texas Intermediate (WTI) crude CLc1 futures rose $1.21 to $63.27 a barrel, a 2.0 percent gain.

Read more at Reuters