SINGAPORE - Oil rose to a one-month high on strong Chinese demand growth and industrial output, while an extended shutdown of the biggest Canada-US crude pipeline raised expectations of declining inventories.
US crude for October climbed as much as 1.4 per cent, or $US1.05, to $US77.50 a barrel, the highest price since August 12, and was up 97 cents at $US77.42 by 1652 AEST. October ICE Brent rose 64 cents to $US78.80.
