Oil prices rose on Wednesday as factory production and retail sales in China beat expectations, a day after the International Energy Agency raised its forecast for oil demand growth this year.
Brent crude futures rose 20 cents, or 0.2 percent, to $82.67 a barrel. West Texas Intermediate crude rose 15 cents, or 0.2 percent, to $78.28.
Economic activity in China rebounded in October as industrial production grew faster and retail sales growth exceeded expectations, a positive sign for the world's second-largest economy.
Source (Al-Arabiya.net Website, Edited)
