Oil Rises On Demand Optimism

Oil prices rose by 2 percent early on Monday, buoyed by market expectations that fuel demand globally is rising with the re-opening of major economies in Europe and higher travel numbers in the United States. As of 10:01 a.m. EDT on Monday, WTI Crude was up 2.14 percent at $64.95 and Brent Crude had risen by 2.02 percent at $67.79. Earlier in Asia trade today, oil prices were rising by more than 2.5 percent, after Iran said over the weekend that its three-month agreement with the International Atomic Energy Agency (IAEA) for monitoring nuclear…