Investing.com - Oil prices rose on Monday, supported by a fall the U.S. rig count, but oversupply fears continued to weigh
U.S. crude futures rose to above $30 per barrel, trading at $32.75 at 10.05 GMT
International benchmark Brent was up 2.7% at $33.92 per barrel
Data on Friday showed that the number of oil rigs in operation in the U.S. fell to the lowest level since December 2009 last week
A falling rig count is expected to lead to a decline in production this year that could help support prices