* Enbridge: Most of leak cleaned, but no restart estimate * Upbeat Chinese growth data support oil, metals * Coming up: API U.S. petroleum inventory data, Tuesday NEW YORK, Sept 13 (Reuters) - U.S. crude oil futures traded just below a one-month high on Monday, extending a sharp rebound from Friday as strong Chinese economic data and the continued shutdown of a major Canadian oil pipeline to the U.S. Midwest boosted buying. Industrial production in China ramped up and money growth exceeded expectations in August, showing buoyant economic growth despite government efforts to clamp down on bank lending and property speculation. [ID:nSGE68C006] Enbridge (ENB.TO: Quote) said Monday it had cleaned up most of the oil leaked by the largest crude pipeline connecting the United States and Canada, but had no estimate for when shipments wthat U.S. crude inventories would decline while the pipeline was shut. [ID:nSGE68C07T] On Friday, U.S. crude futures closed out the week with a 2.5 percent gain, after the Enbridge pipeline shutdown on Thursday raised supply uncertainty. FUNDAMENTALS * On the New York Mercantile Exchangeat 8:45 a.m. EDT (1245 GMT), crude for October delivery CLV0 was up 58 cents, or 0.76 percent, at $77.03. It traded from $76.36 to $77.50, the highest since Aug. 12's intraday high of $77.97. * Hurricane Igor churned westward in the Atlantic Ocean as a dangerous Category Four storm and could strengthen even further, forecasters said. However, Igor, capable of causing catastrophic damage, posed no immediate threat to land or energy interests.[ID:N005] * A slowdown in economic growth in the world's developed countries looks increasingly likely, the OECD said on Monday, the Organization for Economic Co-operation and Development on Monday. [ID:nSGE68C07T] * Brent's premium over West Texas Intermediate at further narrowed, at $1.24, after ending at $1.71 on Friday, as traders continued to weigh impact of the Enbridge pipeline shutdown. [CL-LCO1=R] MARKETS NEWS * World stocks surged on the back of robust economic news from China and the euro zone. The dollar fell against the euro. [MKTS/GLOB] [FRX/] * U.S. stock futures rose strongly on rosy Chinese economic data and the deal on global bank rules.[.N] * The positive economic data from China lifted key raw materials copper CMCU3 and oil CLc1,, while capital protection vehicle gold XAU= eased as attitudes towards risk brightened. [ID:nLDE68C16J] * Copper gained nearly 2 percent to $7,628.50 a tonne. Also boosting copper, China's refined copper production inched down 0.3 percent on the month in August, a second straight fall from a June peak as raw materials supplies fell. [ID:nTOE68C03Z] * Gold, seen as insurance against uncertainty elsewhere, was little changed in European trade, facing a struggle to gain momentum as improved risk appetite damped fervour for the metal. [GOL/] * The euro rose more than 1 percent against the dollar on Monday as relief at new global banking regulations and upbeat Chinese data lifted ingetor appetite for currencies seen as higher risk. [USD/] ECONOMIC NEWS * No major U.S. economic data due. UPCOMING DATA/EVENTS * 8:44 LAST NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL CLc1 76.99 0.54 0.7% 76.36 77.50 37,262 372,881 CLc2 77.72 0.35 0.5% 77.40 78.24 20,097 195,462 LCOc1 78.25 0.09 0.1% 78.13 78.84 31,869 134,036 RBc1 1.9801 0.0070 0.4% 1.9740 1.9930 2,068 43,272 RBc2 1.9695 0.0042 0.2% 1.9690 1.9834 1,380 21,888 HOc1 2.1064 0.0020 0.1% 2.1044 2.1231 2,978 47,569 HOc2 2.1242 0.0021 0.1% 2.1237 2.1398 1,441 17,984 * NYMEX crude oil for October CLc1 rose 54 cents to $76.99 a barrel by 8:44 a.m. in volume of 37,266 lots.

Source