BANGKOK (AP) — Oil prices fell Friday even though data showed China’s economy rebounded in the final quarter of last year, suggesting a possible increase in China’s energy demand.
Benchmark oil for February delivery was down 24 cents to $95.25 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained $1.25 to finish at $95.49 a barrel. That was the highest close for crude on the Nymex since Sept. 17 and a result of the positive economic reports out of the U.S.
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