BANGKOK (AP) — The price of oil rose today after Chinese data showed higher growth in electricity consumption and industrial production.
Benchmark crude for January delivery was up 36 cents to $86.29 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 33 cents to finish at $85.93 per barrel on Friday.
Signs that China's economy is recovering from a slowdown suggest there will be an increase in demand for energy to fuel its manufacturing industries.
