Oil Rises in N.Y. After U.S. Data Prompts Optimism About Demand

By Ben Sharples -

Oil rose as much as 31 cents, or 0.3 percent, to $90.85 a barrel in New York after economic data prompted optimism about the outlook for fuel demand in the U.S. Crude traded at $90.80 at 11:17 a.m. in Sydney.

To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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