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Commodities Briefing - Categorized | Market Moves, Oil more

Oil advances on China crude processing; OPEC to meet in Vienna

Posted on 10 December 2012

Oil rose from the lowest level in three weeks in New York after China’s crude processing climbed to a record and industrial output beat estimates. OPEC meets in Vienna this week to discuss its production quota.
Futures advanced as much as 0.4 percent after falling the past four days. China’s refining climbed 9.1 percent in November from a year ago to 10.2 million barrels a day and industrial production jumped 10.1 percent, the National Bureau of Statistics in Beijing said……………………………………….Full Article: Source

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