BANGKOK (AP) ? Oil prices edged down today following a rise in China's inflation that if sustained could limit measures to support growth.
Benchmark oil for February delivery was down three cents to $93.79 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
The contract rose 72 cents to finish at $93.82 a barrel in New York on Thursday, a gain that traders attributed to a rebound in China's trade growth, which suggests a possible recovery in global demand.
Data released Thursday showed China's export growth in December more than quadrupled from the previous month's level to 14 percent. Imports rose 6 percent, after failing to grow at all in November, in a sign of increasing domestic demand.
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