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Oil rises near 7-month peak after best month this decade (Reuters)
Published at 31 May 2009, 23:38 GMT

In this July 14, 2008 file photo, a tanker makes it's way up the Houston Ship Channel near a refinery in Baytown, Texas. The Houston area is a hub for America's oil industry, contributing to the phenomenal growth of America's 'Sun Belt.' (AP Photo/Pat Sullivan, File)Reuters - Oil prices extended their rally to near their highest in seven months on Monday, as dollar weakness, stock market optimism and sustained hope for economic recovery supported the market's best monthly gains in a decade.

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