(RTTNews) - The price of crude oiledged up Monday morning ahead of U.S. manufacturing and housing data Light Sweet Crude Oil (WTI) futures for September delivery inched up $0.18 to $75.57 a barrel. Last week oil settled at its monthly-low, surrendering 7% over the week. A rising dollar coupled with worries over global economic recovery continued to weigh on oil prices. The buck was lingering around its lowest since 1995 versus the yen. Today, Japan said its second quarter GDP grew at an annualized 0.4%, belying consensus estimates for a 2.3% growth. Traders will look to the results of New York Empire State Manufacturing survey and NAHB Housing Market Index to get further clues on the strength of the economy. Economists expect the headline general business conditions index to rise to 8.25 in August from 5.08 reported in July and sees the Housing Market Index to edge up to 15 from the reading of 14 for July. This week, traders will look to weekly crude oil inventories data from the API and EIA, apart from monthly data on housing starts, building permits, industrial production, capacity utilization and weekly jobless claims numbers.

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