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Oil rises as China shows signs of economic upswing

The international crude oil prices rose on Monday, China's data show that in the power consumption and the growth of industrial production.
January delivery benchmark crude oil futures prices for 23 cents to $86.16 in Bangkok at noon time on the New York mercantile exchange electronic transactions. On Friday, the contract fell 33 cents at $85.93 a barrel.
There are signs that China's economy is recovering slowdown will increase demand for energy to promote its manufacturing.
The Chinese government on Sunday reported, the factory production was up 10.1% from the same period last year, more than one month before the rose 9.6% the previous year. Social total retail sales of consumer goods year-on-year growth of 14.9%, from 14.5% in October.
Power consumption increased by 7.9%, from 6.4% in October, in November, according to Rampono Natalie, in Melbourne Australia bank group commodities analysts.
Analysts are still in the evaluation of the previously released on Monday showed China's trade data, export growth decline, the import of stagnant.
"The market is expected to improve crude oil imports," Rampono said. "That's my expectation., import increase, 11 month."
, this is the international oil price, variety of brent crude oil rose 21 cents to $107.23 a barrel, to ICE futures exchange in London.
In the New York mercantile exchange other energy futures trading:
- heating oil rose 0.6 cents to $2.921 a gallon.
- wholesale gasoline rose 1.5 cents to $2.613 a gallon.
- gas down 6.6 cents at $3.485 per 1000 cubic feet.




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