U.S. crude futures up more than $2.50 as China's demand tightens and OPEC supplies tighten

U.Scrude futures jumped more than $2.50 on Friday, helped by signs of rising demand in China and concerns about supply disruptions in the Middle EastDQL
Brent crude futures rebounded from their lowest close in more than a month, but were less active in New York, where U.Scrude contracts led the gains in SeptemberDQL
The September premium widened to $0.70 to $3.60 a barrel from the December contract, exacerbating the market's counter-parmarginsAnalysts said china's strong data and more signs that a sharp drop in Libyan oil exports may have contributed to the recent rise in contractsDQL
Market watchers said investors were building long positions in recent months ahead of the weekend, which was also a factor in pushing prices higherDQL
U.SSeptember crude futures climbed $2.57 to close at $105.95 a barrelBrent crude futures rose $1.54 to $108.22 a barrelAt the time of settlement, Brent was narrowing to $2.25 a barrel against U.ScrudeDQL
China's industrial growth in July was the fastest in the year, the latest sign that the economy is stabilising after more than two years of slowing growth Crude oil imports rose to record levels in July, although apparent demand for China's oil industry fell back from a four-month high hit in June DQL
The International Energy Agency said it expected Libyan oil production to fall by 600,000 barrels a day in early August to 400,000 barrels, the lowest level since the armed conflict began in 2011 DQL
Goldman Sachs on Friday left its 12-month price forecast for Brent crude unchanged at $105, but said tighter supplies from the Organization of the Petroleum Exporting Countries and an increase in net Chinese oil imports would push up prices in the short term DQL
Brent and U.S crude are likely to close lower this week as investors close their positions by September, with the Federal Reserve expected to begin scaling back its stimulus program in September DQL
The International Energy Agency says a surge in U.S shale oil production has saved the world from a sharp rise in oil prices at a time when several members of the Organization of the Petroleum Exporting Countries are facing difficulties in sustaining production because of civil unrest and infrastructure problems DQL U.S crude futures jumped more than $2.50 on Friday, helped by signs of rising demand in China and concerns about supply disruptions in the Middle East DQL
Brent crude futures rebounded from their lowest close in more than a month, but were less active in New York, where U.S crude contracts led the gains in September DQL
The September premium widened to $0.70 to $3.60 a barrel from the December contract, exacerbating the market's counter-parmargins Analysts said china's strong data and more signs that a sharp drop in Libyan oil exports may have contributed to the recent rise in contracts DQL
Market watchers said investors were building long positions in recent months ahead of the weekend, which was also a factor in pushing prices higher DQL
U.S September crude futures climbed $2.57 to close at $105.95 a barrel Brent crude futures rose $1.54 to $108.22 a barrel At the time of settlement, Brent was narrowing to $2.25 a barrel against U.S crude DQL
China's industrial growth in July was the fastest in the year, the latest sign that the economy is stabilising after more than two years of slowing growth Crude oil imports rose to record levels in July, although apparent demand for China's oil industry fell back from a four-month high hit in June DQL
The International Energy Agency said it expected Libyan oil production to fall by 600,000 barrels a day in early August to 400,000 barrels, the lowest level since the armed conflict began in 2011 DQL
Goldman Sachs on Friday left its 12-month price forecast for Brent crude unchanged at $105, but said tighter supplies from the Organization of the Petroleum Exporting Countries and an increase in net Chinese oil imports would push up prices in the short term DQL
Brent and U.S crude are likely to close lower this week as investors close their positions by September, with the Federal Reserve expected to begin scaling back its stimulus program in September DQL
The International Energy Agency says a surge in U.S shale oil production has saved the world from a sharp rise in oil prices at a time when several members of the Organization of the Petroleum Exporting Countries are facing difficulties in sustaining production because of civil unrest and infrastructure problems DQL