Oil prices rose by over 1 percent on Monday, with traders citing opportunistic buying after sharp declines in the previous week that brought prices to their lowest since early August because of ongoing weak fundamentals. International Brent crude oil futures LCOc1 were trading at $46.20 per barrel at 0543 GMT, up 62 cents, or 1.36 percent, from their previous close. The global benchmark on Friday had fallen as low as $45.08, its weakest since Aug. 11. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 65 cents, or 1.5 percent, at $44.72 a barrel. WTI hit $43.57 on Friday, its lowest since Sept. 20. Last week’s losses were the steepest since January, and took nearly 15 percent off a one-year high for Brent at $53.73 a barrel that […]