AT: Oil ends above $87 after supply, economic reports
LOS ANGELES (MarketWatch) -- Crude-oil futures ended higher Thursday following an unexpected decline in weekly crude supplies. Oil for December delivery (US:clz2) rose 85 cents, or 1%, to $87.09 a barrel on the New York Mercantile Exchange. Oil traded as high at $87.42 after the U.S. Energy Information Administration reported a weekly decline of 2 million barrels in crude supplies. Upbeat U.S. consumer confidence figures, jobs data and Chinese manufacturing surveys released Thursday also boosted prospects for global oil demand, aiding in oil's move higher.
