U.S. crude futures settle higher after seesawing

Wed Nov 11, 2009 7:59pm GMT
 
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NEW YORK, Nov 11 (Reuters) - U.S. crude futures settled higher on Wednesday after seesaw trading, with support from data showing China increased industrial activity and healthy crude imports while the dollar's bounce limited oil's advance.

Oil markets awaited government oil inventory data due on Thursday after Tuesday's report from the American Petroleum Institute showed crude stocks rose more than expected last week and that products inventories also rose. [API/S]

On the New York Mercantile Exchange, December crude CLZ9 rose 23 cents, or 0.29 percent, to settle at $79.28 a barrel, trading from $78.57 to $80.10. (Reporting by Robert Gibbons; Editing by John Picinich)

 

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