Article posted: 12/7/2012 7:19 AM

Oil rises ahead of China economic data

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Oil rigs belonging to PetroChina are seen near the banks of a snow covered lake in Daqing in northeastern China's Heilongjiang province earlier this year.

Associated Press

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:Oil prices rose moderately Friday, clawing back some of the ground lost during a sharp sell-off the day before, as traders awaited a slew of economic data from China.