WTI advances as China's oil imports rebound and U.S. labour market improves

West Texas Intermediate crude increased on Monday traded close to the strongest level in nearly six weeks after an industry report showed that net crude imports in China rebounded last month and as unemployment in the U.S. declined. WTI for delivery in January rose 13 cents to $97.78 a barrel on the NYMEX as of 1:50 p.m. in Singapore.