Oil edges higher on upbeat Chinese growth data

SINGAPORE: Oil prices rose in Asian trade Friday on upbeat economic growth data from China, but concerns over the stop-gap deal to avert a disastrous US debt default capped gains, analysts said.New...

By
AFP
|
Oil edges higher on upbeat Chinese growth data
SINGAPORE: Oil prices rose in Asian trade Friday on upbeat economic growth data from China, but concerns over the stop-gap deal to avert a disastrous US debt default capped gains, analysts said.

New York's main contract, West Texas Intermediate (WTI) for delivery in
November, was up 12 cents at $100.79 a barrel in mid-morning trade, while Brent North Sea crude for December gained 12 cents to $109.23.