Commodity Capsule: Brent crude rise; gold slips; copper trades in a tight range | Watch video

Commodity Capsule: Oil prices rose on Monday amid easing fears of more Federal Reserve rate hikes.

Anticipation of several economic readings this week, particularly from China, kept traders on edge.

Markets were encouraged by the prospect of tighter supplies after Saudi Arabia and Russia reconfirmed their ongoing supply reductions until year-end.

Losses in crude oil benchmarks were tempered by a drop in the dollar, amid less hawkish signals from the Fed and weaker-than-expected payroll data.

Both contracts plummeted some 6 per cent in the prior week.

Crude markets were now focused squarely on key economic readings from China, due later in the week. 

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