The price of oil rose Friday after a big fall in U.S. unemployment benefit claims suggested some improvement in the world's biggest economy, raising expectations for increased demand for energy.
Benchmark oil for November delivery was up 8 cents to $92.15 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 82 cents to close at $92.07 per barrel in New York on Thursday.
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