Brent crude settles higher on supply threats, posts weekly gain

NEW YORK Fri Jan 18, 2013 3:14pm EST

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NEW YORK Jan 18 (Reuters) - Brent crude futures rose on Friday in choppy trading as geopolitical threats to supply, a possible deal to temporarily lift the U.S. debt ceiling and Chinese economic data supported oil prices.

Brent crude rose 79 cents, or 0.71 percent, to settle at $111.89 a barrel, having traded from $110.47 to $11.96.

For the week, Brent crude rose $1.25, or 1.1 percent. (Reporting by Robert Gibbons)

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