Oil future price consolidates after yesterday's surge

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

Oil future price for December settlement was only 6 cents higher to $85.15 a barrel during Asia trading hours on Friday. Price was consolidating after 0.6% gain yesterday, when rebounded from the lowest point in four months. Oil price experiences positive changes, as China announced industrial output increase for the second month in October, increasing 9.6% from a year earlier. That signals an expanding China's economy, which is the second largest crude oil consumer.

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