Fri, 07 Dec 2012 10:52:50 GMT
Oil rises on speculation China's factory output grew at the fastest pace since March
Oil rose, snapping its weekly drop, on speculation China's industrial output grew at the fastest pace since March, increasing demand in the world's second biggest oil consumer. Crude for January settlement rose 28 cents and traded at $86.54 a barrel, after sliding $1.62 a day earlier to $86.26, the lowest close since November 15.