Oil rises towards $66 after China cuts rates

By Ron Bousso LONDON (Reuters) - Oil rose towards $66 a barrel on Monday after China moved to bolster its flagging economy, raising hopes that the world's top energy consumer would help absorb a global supply glut. China cut interest rates for the third time in six months on Sunday to stoke its sputtering economy, which is headed for its worst year in a quarter of century. Data on Friday showed China ahead of the United States as the world's top oil importer in April, as the Asian econ