USA: Oil prices score weekly rise of over 8 pct amid China demand hopes
NEW YORK, Jan. 13 (Xinhua) -- Oil prices, boosted by improved demand outlook in China, rose on Friday, bringing both the U.S. and the global crude benchmarks to gain more than 8 percent for the week.
The West Texas Intermediate (WTI) for February delivery climbed 1.47 U.S. dollars, or 1.9 percent, to settle at 79.86 dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery added 1.25 dollars, or 1.5 percent, to settle at 85.28 dollars a barrel on the London ICE Futures Exchange.