Oil Hovers at Highest Since October on Cold Weather, China Stimulus

OIL PRICE - SINGAPORE. Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder weather in the Northern Hemisphere and Beijing's economic stimulus measures.

Brent crude futures rose 15 cents, or 0.2%, to $76.66 a barrel by 0125 GMT after settling on Friday at its highest since Oct. 14. U.S. West Texas Intermediate crude gained 22 cents, or 0.3%, at $74.18 a barrel after closing on Friday at its highest since Oct. 11.