Oil prices rose on Tuesday in weak trading ahead of the Christmas holidays. Prices were supported by U.S. economic data and rising oil demand in India, the world's third-largest oil importer.
Brent crude futures rose 33 cents, or 0.45 percent, to $72.95 a barrel. U.S. West Texas Intermediate crude futures also gained 29 cents, or 0.42 percent, to $69.53 a barrel.
New orders for major U.S. manufactured capital goods rose in November amid strong machinery demand. New home sales also rebounded, a sign that the U.S. economy is on a solid footing by the end of the year.
Source (Al-Khaleej Emirati Newspaper, Edited)
