Oil prices rose over 2% on Monday, boosted by comments from doctors for US President Donald Trump suggesting he could be discharged from hospital as soon as Monday. Market sentiment was also buoyed by a tweet from Trump Saturday pressuring Congress to pass the COVID-19 stimulus as his administration and congressional Democrats struggle to conclude a relief deal. Prices were also supported by an expanding workers’ strike in Norway on Monday that could reduce the country’s production capacity by as much as 330,000 barrels of oil equivalent per day or 8% of its total output. These offset indications of rising oil supply in the market, as Libya’s production added nearly 3-fold to 270 thousand bpd. Meantime, data from Baker Hughes Friday showed US firms added drilling rigs for 3rd week in a row for the first time since October 2018. At around 06:15 AM GMT, WTI crude rose by 2.5% to $37.99 a barrel, while Brent crude surged 2.2% to $40.13 a barrel.
