Friday, December 7, 2012

Oil prices up

BANGKOK (AP) ? Oil prices rose moderately today, clawing back some of the ground lost during a sharp sell-off the day before, as traders awaited a slew of economic data from China.

Benchmark oil for January delivery was up 30 cents to $86.56 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.62, or 1.8 percent, to finish at $86.26 per barrel in New York.

Prices moved higher ahead of the anticipated release of inflation, retail sales and factory output data from China on Sunday.

?2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Source: http://www.myfoxlubbock.com/business/story/Oil-prices-up/ERa-eO3gLU-Na_Vk7iH_JA.cspx?rss=2294

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