Follow-aware
Oil prices rose about a dollar, on Monday, due to optimism in the global economy thanks to progress in a huge US stimulus package and thanks to hopes for improving demand for oil.
Brent crude futures rose 92 cents, or 1.43 percent, to $65.43 a barrel by 04:54 GMT.
US West Texas Intermediate crude futures jumped 90 cents, or 1.46 percent, to $62.41 per barrel.
This comes after the US House of Representatives approved a $1.9 trillion coronavirus relief package early on Saturday, sending it to the Senate, where Democrats planned a legislative maneuver to allow it to pass without Republican support.
As for Japan, a special survey showed factory activity expanded at the fastest pace in more than two years in February, which increased signs of recovery in Asian growth.
On the other hand, investors are betting that a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, will lead to more supply returning to the market.