Oil rises

Update news Oil rises

Shares up on bank stocks, oil rises

 A huge purchase of banking shares in the final minutes of the February 27 session on the local stock exchanges drove shares up, after a brief fall at the beginning of the session.

Oil rises as traders close short positions, U.S. producers cut rig count

 Oil prices opened strongly on Monday after rallying in the previous session, supported by tightening supply and strengthening sentiment around a market recovery.