Investing.com - Oil was steady Monday after gains of over 5% last week after stable Chinese growth and U.S. rig count data.
U.S. crude was up 1 cent, or 0.02%, at $46.55 at 08:00 ET. Brent added 11 cents, or 0.22%, to $49.02.
Chinese second-quarter GDP growth came in at 6.9%, beating estimates, with refinery activity remaining buoyant.
Baker Hughes Friday reported a rise in the U.S. oil rig count data in the latest week of two to 765, the highest level since April 2015.
However, recent data suggest the pace of growth in U.S. drilling activity is slowing.
Key OPEC producers are due to meet later this month to discuss the current market situation.
OPEC and non-OPEC producers have agreed to curb output by 1.8 million barrels a day through to March.
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