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Brent crude futures were up 38 cents, or 0.9%, by 0949 GMT at
$41.67 a barrel.
U.S. West Texas Intermediate (WTI) crude futures were trading 34
cents higher, or 0.9%, at $39.56 a barrel.
An oil workers' strike in Norway will cut the country's total
output capacity by just over 330,000 barrels of oil equivalent
per day, or about 8% of total production, according to the
Norwegian Oil and Gas Association.
Around 60% of the total cuts were in natural gas, with crude oil
and natural gas liquids making up the rest, according to Reuters
calculations.
"Besides Norway, there could also be production outages in the
Gulf of Mexico this week, where another hurricane has
developed," Commerzbank said.
Energy companies were evacuating offshore oil platforms as
Hurricane Delta strengthened to category 2 and could become a
major hurricane when it reaches the Gulf of Mexico on Thursday.
Chevron <CVX.N> has begun evacuating all personnel from its
platforms in the region and is shutting-in the facilities, the
company said.
A rally in world stock markets after Trump's return to the White
House from hospital and expectations of a new U.S. stimulus
package being agreed also boosted oil.
Oil prices had fallen sharply when Trump went to hospital on
Friday, as it created uncertainty for investors over what would
happen in the United States as the country gears up for a
presidential election on Nov. 3.
Hopes for a bipartisan U.S. economic relief package grew as
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin
spoke on Monday and prepared to talk again on Tuesday, in a
concerted effort to reach a compromise on legislation.
(Additional reporting by Sonali Paul in Melbourne and Seng Li
Peng in Singapore; Editing by Susan Fenton)
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