Oil rises more than 1% on U.S.-China hopes and improved outlook

HOUSTON (Reuters) - Oil prices rose more than 1% on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month. Brent crude futures for January rose 76 cents, or 1.2% to $62.45 a barrel by 11:31 a.m. CST (1731 GMT). December U.S. crude futures were up 83 cents, or 1.5%, at $57.03 a barrel.Brent traded near its highest in more than a month as market optimism about progress..