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U.S. crude futures rises on China data, Saudi output cut
January 10, 2013 / 7:47 PM / 5 years ago

U.S. crude futures rises on China data, Saudi output cut

NEW YORK, Jan 10 (Reuters) - U.S. crude rose 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 provided lift for oil prices.

U.S. February crude rose 72 cents, or 0.77 percent, to settle at $93.82 a barrel, having traded from $93.08 to $94.70. (Reporting by Robert Gibbons; Editing by Marguerita Choy)

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