The price of oil rose to near $94 on Friday ahead of the release of U.S. industrial production and manufacturing figures that analysts expect to show an improving economy.
By early afternoon in Europe, benchmark oil for April delivery was up 60 cents to $93.63 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 51 cents to close at $93.03 per barrel on the Nymex on Thursday.
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