Oil rises on improving economic data but new coronavirus cases loom

NEW YORK (Reuters) - Oil prices rose about $1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world.Brent crude rose 74 cents, or 1.8%, to $41.76 a barrel by 12:51 p.m. EDT (1651 GMT). U.S. crude gained $1.06, or 2.8%, to $39.55 a barrel.The recovery of economic sentiment in the euro zone intensified in June with improvements across all sectors, European Commission data showed on Monday. Overall..