Oil prices increased on Monday, recovering some losses from the previous session as fresh data indicated a rebound in the world’s second and third biggest economies, China and Japan.Figures indicated Chinese refineries processed the most crude ever in October on a daily basis, while new lockdowns in the Us and Europe weighed on demand.Brent crude futures for January were up 28 cents, or 1.8%, to $43.56 a barrel by 0950 GMT, while US West Texas Intermediate crude for December was at $40.96, up 83 cents or 2.1%.