Brent crude settles higher on China data, Saudi output cuts

NEW YORK Thu Jan 10, 2013 3:07pm EST

NEW YORK Jan 10 (Reuters) - Brent crude futures edged up on Thursday as supportive Chinese trade data fanned expectations for improving demand, while news that Saudi Arabia has cut oil production in the previous two months also helped lift oil prices.

Brent February crude rose 13 cents, or 0.12 cent, to settle at $111.89 a barrel. (Reporting by Robert Gibbons; Editing by Bob Burgdorfer)