* Dollar's weakness boosts oil, copper prices * China manufacturing up in Oct, helps lift oil * Coming up: API oil inventory data, 4:30 p.m. EDT Tuesday NEW YORK, Nov 1 (Reuters) - U.S. crude oil futures prices rose on Monday, lifted by the dollar's weakness ahead of expected monetary easing by the Federal Reserve and by data showing strong growth in Chinese manufacturing. Investors are eyeing this week's Fed meeting and the central bank's expected efforts to bolster economic recovery. Also in investors' focus is Tuesday's mid-term U.S. elections, with polls showing Republicans favored to take control of the House of Representatives and gain Senate seats. FUNDAMENTALS * On the New York Mercantile Exchange, December crude CLZ0 rose 74 cents, or 0.9 percent, to $82.17 a barrel by 8:26 a.m. EDT (1226 GMT), trading from $81.32 to $82.33. * China's factories ramped up production last month. Two surveys of the manufacturing sector jumped to six-month highs in October. [ID:nBJL002089] [ID:nTOE6A001P] * Saudi Arabia's oil minister said he hoped oil prices would stay where they are now, and that more oil would be pumped to the market if needed. [ID:nSGE6A004K] * Abdullah al-Attiyah, Qatar's energy minister, echoed those views. Attiyah said it was difficult to predict what OPEC would decide on its oil output policy in 2011 because of the uncertainty surrounding the global economy. [ID:nSGE6A0015] * OPEC needs the cooperation of Russia to help improve oil market stability and increase low crude prices, Iran's OPEC governor was quoted as saying. [ID:nKAL153439] MARKETS * The dollar fell against a basket of currencies ahead of expected further U.S. monetary easing, and fell back towards a 15-year low versus the yen after an apparently erroneous spike prompted intervention jitters. The greenback came under pressure against most major currencies, albeit within recent ranges, as the market geared up for the Federal Reserve to step up money printing after its policy meeting on Nov. 2-3. [USD/] * Copper rallied as the dollar fell ahead of expected further U.S. monetary easing, and as demand prospects brightened on strong manufacturing data from top consumer China. [MET/L] * Robust economic data from China and the nearing of Federal Reserve asset-buying combined to lift emerging market stocks and weaken the dollar, with Wall Street looking set to open higher. [MKTS/GLOB] * Gold rose above $1,360 an ounce in Europe, building on three consecutive months of gains, as expectations the Federal Reserve will unveil further U.S. monetary easing at a meeting on Nov. 2/3 pressured the dollar. [GOL/] UPCOMING DATA/EVENTS * U.S. Commerce Department construction spending for September at 10:00 a.m. EDT (1400 GMT) on Monday. * U.S. ISM manufacturing PMI for October at 10:00 a.m. EDT (1400 GMT) on Monday. * American Petroleum Institute oil inventory data at 4:30 p.m. EDT (2030 GMT) on Tuesday. 8:26 LAST NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL CLc1 82.17 0.74 0.9% 81.32 82.33 32,075 296,748 CLc2 82.88 0.73 0.9% 82.14 83.01 7,698 70,225 LCOc1 83.85 0.70 0.8% 82.82 84.14 58,413 197,774 RBc1 2.0834 0.0240 1.2% 2.0595 2.0884 1,964 22,856 RBc2 2.0909 0.0227 1.1% 2.0767 2.0965 965 50,860 HOc1 2.2533 0.0156 0.7% 2.2367 2.2603 1,876 18,183 HOc2 2.2780 0.0161 0.7% 2.2654 2.2846 349 46,271 * NYMEX crude oil for December CLc1 rose 74 cents to $82.17 a barrel by 8:26 a.m. on volume of 32,075 lots. (Reporting by Robert Gibbons; Editing by Dale Hudson)

Source