Oil rises on increased China's crude processing

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Source: Bloomberg
Oil advanced from a three-week low in New York as China's crude processing increased to a record and factory output surpassed expectations. OPEC meets in Vienna to discuss the production quota. Futures rose 0.4% after declining the past 4 days. Crude for January settlement rose 34 cents to $86.27 a barrel and traded at $86.19 at 12:42 p.m. Singapore time. Brent for January delivery advanced 46 cents, or 0.4%, to $107.48 a barrel.
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Mon, 10 Dec 2012 15:53:49 GMT

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