Oil poised for multi-month highs this week
Benchmark oil prices are poised to make fresh multi-month highs this week amid improved economic data in the US and China, according to CNBC's latest survey of market sentiment.
Oil registered weekly gains of 1.3% with most of the gains coming in the initial days of week on optimistic data releases from US and the Fed's statement in which it said they will consider range of actions to help a struggling economy increasing confidence among the energy traders.