Oil climbs from multi-month lows after China equity gains

By Barani Krishnan NEW YORK (Reuters) - Global crude prices advanced from multimonth lows on Tuesday after stock market gains in No. 2 oil consumer China, but the rebound is unlikely to have traction due to weakening demand and growing oversupply, traders and analysts said. The U.S. Energy Information Administration, the Paris-based International Energy Agency and the Organization of the Petroleum Exporting Countries will give their monthly updates next week on barrels per day of oil needed by t