Oil gains on optimism US government to reopen soon

SINGAPORE, Nov 10 (Reuters) – Oil prices rose on Monday on optimism that the U.S. government shutdown could end soon and lift demand in the world’s top oil consumer, offsetting concerns about rising supplies globally.
Brent crude futures rose 47 cents, or 0.74%, to $64.10 a barrel by 0123 GMT. U.S. West Texas Intermediate crude was at $60.25 a barrel, up 50 cents, or 0.84%.
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An end to the historic U.S. government shutdown, now in its 40th day, is within reach as the Senate on Sunday moved toward a vote on reopening the federal government.