LONDON: Oil rose above $62 a barrel on Monday, mirroring gains in equities, as investors became more confident that there would be no further substantial price loss in the run-up to the new year.
Saudi Arabia's oil minister, Ali al-Naimi, said on Sunday that lower crude prices would help demand by stimulating the economy and slow down supply growth.
"The market has calmed down and it is forming a short-term base above $60, and it's to be expected that there would be a bit of ..
