Oil higher ahead of OPEC meeting, new onslaught of data

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One hundred and fifty-seven years after Big Ben was started, and the oil market is counting down the clock to an onslaught of economic data from the ringing in of a new month, as well as the OPEC meeting on Thursday. With a feast of fun crammed into a shortened week, here are five things to consider in oil markets today:

1) We discussed last week how average fuel efficiency is stalling out in the U.S., encouraged by low gasoline prices. This is a trend being seen across the globe; monthly SUVs sales in China continue to rise