Oil prices rose in Asian trade on Monday amid easing fears of more Federal Reserve rate hikes, although anticipation of several economic readings this week, particularly from China, kept traders on edge. Markets were also encouraged by the prospect of tighter supplies, after major suppliers Saudi Arabia and Russia said they will maintain their ongoing supply reductions until the end of the year, heralding tighter oil markets. Crude markets were still nursing steep losses over the past two weeks, as traders priced in a much lower risk premium from the Israel-Hamas war, given that fears of supply disruptions in the ... (full story)