Notice of the OPEC boosts oil
The benchmark crude for December delivery gained 23 cents, reaching $ 79.28 a barrel on the New York Mercantile Exchange. In London, Brent North Sea for the same month rose 45 cents to close at $ 77.95 on the ICE Futures exchange.
The Organization of Petroleum Exporting Countries revised their previous estimates of global growth in oil demand and placed at 750,000 bpd, an increase by 50,000 barrels per day compared to last month's estimate.
But OPEC also warned that an increase in oil prices might do to reduce global oil demand next year.
Meanwhile, China said its industrial production and retail sales rose sharply, and exports declined in the least amount in 10 months. It is hoped that the Chinese economy, the third largest in the world, use much oil from other countries next year and help prices to rise.
The reports pushed oil prices to Despite signs that U.S. stockpiles are increasing.
On Tuesday night, a survey by the American Petroleum Institute said U.S. inventories rose last week by 1, 2 million barrels more than analysts expected. The Energy Information Administration on Thursday will release its report on the supply.
In other trading on the Nymex, heating oil rose less than a penny to settle at 2.0558 dollars a gallon. Gasoline for December gained 1.53 cents, reaching $ 1.9927 a gallon and natural gas for the same month reported an increase of 3.6 cents, ending at $ 4.503 per 1,000 cubic feet.
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The Associated Press writers Pablo Gorondi in Budapest, and Alex Kennedy in Singapore contributed to this report.