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Oil near $94 as China inflation picks up

Friday Bangkok (AP) - oil prices rose slightly, but the income contains China's rising inflation, if they continue, may limit the measures to support economic growth.
February delivery benchmark crude oil rose 3 cents to $93.85 a barrel in Bangkok at noon time on the New York mercantile exchange electronic trading.
The contract up 72 cents, to finish at $93.82 a barrel in New York, on Thursday, income, dealers attributed to China's trade growth, this shows that may be in global demand the bounce of the recovery.
According to figures released on Thursday, December China export growth of 14% from last month's level tripled. Import year-on-year growth of 6%, after the failure, all in the growth of November, a sign of boosting domestic demand.
However, this is exercise data showed that China's inflation soared to the December issue of a 6 month high. Comprehensive consumer price index rose by 2.5% compared to the same period last year, the national bureau of statistics, it is said that the statistical 14.8% jump in winter damage after harvest the vegetable prices drive.
Higher inflation may interfere with Beijing's ability to support China's recovery.
"Although this in China show greater demand, it also stokes inflationary worries, this can lead to some form of deflation," said Stan kill mother in Melbourne of IG Markets.
ICE futures exchange in London, brent crude oil used in international oil prices fell, varieties of 34 cents to $111.55 a barrel.



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