Oil gains on optimism US government to reopen soon

Core Viewpoint - Oil prices increased due to optimism regarding a potential end to the U.S. government shutdown, which could boost demand in the U.S., the world's largest oil consumer, despite concerns over rising global supplies [1] Group 1 - Oil prices rose on Monday, reflecting market sentiment [1] - The potential resolution of the U.S. government shutdown is seen as a positive factor for oil demand [1] - Concerns about increasing global oil supplies are present but are currently being offset by demand optimism [1]