Oil prices rise more than $1 in early trading By Reuters

BEIJING (Reuters) – Oil futures rose more than $1 in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker than expected U.S. jobs data on Friday.

West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. futures were up 99 cents, or 1.39%, to $72.05 a barrel.