Oil futures rose above $47.50 a barrel on Monday as OPEC said it expected global demand to remain strong next year, while weak Chinese trade data and concerns over rising supplies weighed. A weaker dollar further supported oil, with Brent crude for December delivery up 22 cents at $47.64 a barrel by 0905 GMT, after falling more than 4 percent last week. December U.S. crude gained 12 cents to $44.41 a barrel after falling nearly five percent last week. Abdullah al-Badri, Secretary-General of the Organization of the Petroleum Exporting Countries, said he expects that the oil market will become more balanced in 2016 as demand continues to grow. “We see global oil demand maintaining its recent healthy growth. We see less non-OPEC supply. And we see an increase in […]