A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the market remains dogged by a crude glut, a flood of refined products, and an economic slowdown. Brent crude was at $43.74 per barrel at 0650 GMT (2:50 a.m. ET), up 21 cents from its last close in July, when it lost 12 percent over the month. U.S. West Texas intermediate was at 41.70 per barrel, up 10 cents from July’s last close. WTI shed 13 percent in July. “Oil prices rose on the day but appear vulnerable to concerns of oversupply,” ANZ bank said, with traders pointing to an influx of new orders with the start of August acting as price supporters. However, a global glut still […]