SINGAPORE, July 4 (Reuters) - Brent crude rose above $112 a barrel on Monday, after European policy makers approved an emergency bailout for Greece and strong U.S. economic data calmed fears of weakening demand in the world's largest oil consumer.
Eurozone finance ministers on Saturday approved a 12 billion euro installment of Greece's bailout and said details of a second aid package for Athens would be finalised by mid-September.
The news followed the release of data on Friday showing the pace of growth in U.S. manufacturing picking up for the first time in four months.
ICE Brent crude LCOc1 rose 27 cents to $112.04 a barrel by 0457 GMT. U.S. crude CLc1 was at $95.44 a barrel, up 50 cents.
"The U.S. data and the eurozone news is helping oil prices today, although with U.S. markets closed for a holiday, trading will be thin and based very much on technicals, " ANZ Bank oil analyst Serene Lim said.
Weekly U.S. oil inventory data from industry group the American Petroleum Institute and the government's Department of Energy will be delayed by a day to Wednesday and Thursday, respectively, due to Monday's Independence Day holiday.
