Doha: Oil prices edged higher on Monday as expectations of a US interest rate cut buoyed the outlook for global growth and fuel demand. Brent crude futures rose 6 cents, or 0.09%, to $67.79 and West Texas Intermediate (WTI) crude futures gained 9 cents, or 0.14%, to $63.75.

According to Qatar News Agency, investors’ risk appetite has improved after Federal Reserve Chair Jerome Powell on Friday signaled a possible interest rate cut at the US central bank meeting next month.