Oil gains as cooling US inflation points to possible easing

Oil prices rose on Monday as lower-than-expected U.S. inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market. Brent crude futures BRN1! rose 37 cents, or 0.5%, to $73.31 a barrel by 0729 GMT. U.S. West Texas Intermediate crude futures CL1! climbed 40 cents, ...