Oil Rises on US Consumer Spending Data, Moderate Hurricane Damage

摘要

Brent crude rose a fifth straight session on Monday as equities rallied on a rise in consumer spending, strong financials and relief that damage from Hurricane Irene was less severe than expected. US consumer spending rose at its fastest pace in five months in July, a Commerce Department report said, helping boost equities on Wall Street and pushing up the S&P 500 index more than 2%.