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* U.S. housing data upbeat, shades jobless claims report * Fed commitment to low rates supportive to oil * Coming up: CFTC positions data 3:30 p.m.

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UPDATE 8-Oil rises on US housing data, Fed optimism

* U.S. housing data upbeat, shades jobless claims report * Fed commitment to low rates supportive to oil * Coming up: CFTC positions data 3:30 p.m

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UPDATE 6-Oil rises on Fed optimism, US housing data

Today's economic calendar includes manufacturing data, business inventories, housing figures, and more appearances by Fed officials. The Empire State Manufacturing survey kicking the day off at 8:30 a.m.

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Manufacturing, housing reports on tap