Oil sets first monthly gain on global economy expansion

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
Crude oil futures for January settlement were slightly changed or 4 cents higher to $88.03 a barrel during Singapore trading hours on Friday. The price consolidates after $1.58 gain yesterday, what makes 2.1% increase this month and sets the price for the first monthly gain since August. Oil was traded positively this month amid positive signs of economy expansion in the U.S. and China, which are the biggest crude oil consumers.
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