Oil prices rise amid optimism over U.S. government reopening and easing inflation concerns

Global crude benchmarks gained on Monday, with Brent crude hovering near $83 per barrel and WTI around $79, as optimism over a potential U.S. government reopening boosted risk appetite. Traders cited signs of improving demand from China and moderating inflation data from major economies. The dollar’s mild retreat further supported commodity prices. Refiners in Asia increased imports ahead of winter, contributing to inventory tightening. Analysts anticipate near-term range-bound trade but note that sustained policy clarity in the U.S. could stabilize oil and energy-sector equities globally.