Crude prices rise on positive economic data
Crude oil prices rose on Friday on positive economic data, Xinhua reported.
The U.S. Commerce Department said orders for durable goods excluding the transportation sector rose 2 percent, the best showing in five months as companies invested in computers, communications equipment and machinery.
A separate report from the Commerce Department showed sales of new homes in August rebounded slightly.
Benchmark oil for November delivery rose 1.31 U.S. dollars to settle at 76.49 dollars a barrel on the New York Mercantile Exchange.
In London, Brent crude rose 76 cents to settle at 78.87 dollars a barrel on the ICE Futures exchange.