Markets

Brent rises over $1 to $109.26 after China data

Published October 24, 2012 Updated October 24, 2012 05:16am

 

The European benchmark rose more than $1 to as much as $109.28 a barrel by 0456 GMT. It fell for a sixth straight session on Tuesday, when it hit an intraday low of $107.31, the weakest since Sept. 20 and below its 100-day moving average at $107.42.

 

US oil gained 71 cents to $87.38, snapping a four-day decline.

 

Copyright Reuters, 2012