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Oil prices ease as market awaits China data to gauge demand

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Oil prices ease as market awaits China data to gauge demand

© Reuters. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo

Both benchmarks gained about 30 cents on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. China will release its import and export figures for October on Tuesday at 0300 GMT, while bank lending, credit and key consumer price inflation data is due on Thursday.

Prime Minister Benjamin Netanyahu said Israel would consider"tactical little pauses" in Gaza fighting to facilitate the entry of aid or the exit of hostages, but again rejected calls for a general ceasefire despite growing international pressure.

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