Oil hovers at highest since Oct on cold weather, China stimulus

Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder weather in the Northern Hemisphere and Beijing's economic stimulus measures. Brent crude futures rose 15 cents, or 0.2%, to $76.66 a barrel by 0125 GMT after settling on Friday at its highest since Oct. 14. Beijing is cranking up fiscal stimulus to revitalise the faltering economy, announcing on Friday that it will sharply increase funding from ultra-long dated treasury bonds in 2025 to spur business investment and consumer-boosting initiatives.