• In foreign exchange markets, the dollar fell to its lowest levels in six months on Friday USD=against a trade-weighted basket of peers at 97.080 and was trading just a shade above that on Monday.
The dollar was trading at 111.47 yen JPY= after falling nearly 2 percent last week, while the euro inched down 0.1 percent to $1.11900 EUR= after rising to a six-month high of $1.1212 on Friday.
• China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector that mainly underscored earlier pledges on reforming heavily monopolized oil and gas industries.
• China's commerce minister Zhong Shan told new United States Trade Representative Robert Lighthizer the two sides should strengthen cooperation and manage disputes in trade, according to a statement on the website of China's Ministry of Commerce on Monday.
• Oil rose on Monday, pushed by reports that an OPEC-led supply cut may not just be extended into 2018 but might be deepened to tighten the market and prop up prices.
U.S. West Texas Intermediate (WTI) crude futures were back above $50 per barrel, trading up 29 cents, or 0.6 percent, at $50.62.
Brent crude futures were up 32 cents, or 0.6 percent, from their last close at $53.93 per barrel at 0643 GMT.
Reference: Reuters
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