Oil gains on China economic data, strong demand forecast

Singapore, Nov. 15 (BNA): Oil prices rose on Wednesday as China’s factory output and retail sales beat expectations, a day after the International Energy Agency (IEA) raised its oil demand growth forecast for this year.


Brent futures rose 20 cents, or 0.2%, to $82.67 a barrel, Reuters reported.


While U.S. West Texas Intermediate (WTI) crude rose 15 cents, also 0.2%, to $78.28.




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