NEW YORK, Feb 1 - U.S. crude futures rose Monday on the dollar's weakness, an equities rise on Wall Street and some help from data showing consumer spending edged up in January even as savings reached a 6-month high. "Crude and products futures are marginally higher this morning in light overnight volume as the dollar gave up some gains and U.S. equity index futures are higher," Addison Armstrong, analyst at Tradition Energy in Stamford,Connecticut, said in a note. But sources also voiced caution amid more indications China is moving to restrain banks and cool economic growth and as lackluster oil demand and concerns about the pace and strength of economic recovery remain. Crude futures ended January down $6.47, or $8.15 percent,from December.
