Oil rises ahead of US industrial production data


BANGKOK–Oil prices rose Friday ahead of the release of U.S. industrial production and manufacturing figures that analysts expect to show an improving economy.

Benchmark oil for April delivery was up 11 cents to US$93.14 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 51 cents to close at US$93.03 per barrel on the Nymex on Thursday.

Brent crude, used to price many kinds of oil imported by U.S. refineries, was up 9 cents to US$109.05 a barrel on the ICE Futures exchange in London.

In other energy futures trading on the Nymex:

— Wholesale gasoline fell 0.5 cent to US$3.125 a gallon.

— Heating oil rose 0.8 cent to US$3.021 a gallon.

— Natural gas rose 3.7 cents to US$3.849 per 1,000 cubic feet.