Oil Prices Above $55

Oil Prices Above $55Oil Prices Above $55

Crude oil prices rose on Monday as investors shrugged off bearish Chinese data and news of a US refinery strike and focused on a falling US rig count that signaled lower production down the line. Brent crude futures were up $1.81 at $54.80 a barrel, after leaping as high as $55.62 and dipping as low as $51.41, Reuters reported.