LONDON : World oil prices rose on Friday, energised by hopes that recent strong global economic data will translate into higher crude demand, dealers said. Brent North Sea oil for delivery in October rose ten cents to $110 a barrel in London early afternoon deals. New York's main contract, West Texas Intermediate (WTI) crude for September added 16 cents to $105.19 per barrel. "Brent prices pushed higher at the end of the week following positive economic data," said an analyst.
Lucy Sidebotham at British-based energy consultancy Inenco. "This showed the global economy to be recovering and could point towards higher oil demand."