International oil prices on Thursday (November 11) European city 5 consecutive trading days up in early trading, after hitting 25-month high, as China's strong industrial output data to stimulate China's demand for crude oil rose to record levels, and the United States the situation of excess supply of crude oil has also been eased.
Nymex 12 intraday month crude futures rose $ 0.61 to $ 88.54 / barrel. Closed up $ 1.09 the previous session, to $ 87.81, the highest since October 8, 2008 the highest closing price since.
National Bureau of Statistics said on Thursday series of macroeconomic indicators, the data show, often in the October consumer sales season appeared weakness. China in October retail sales rose 18.6%, lower than the growth rate of 18.8% in September, pushing consumption past National Day holiday factor and the stock market failed to rebound on October retail boost. January-October total retail sales increased by 18.3% year on year growth rate of 18.3% and unchanged from January to September. Bureau of Statistics also announced an increase of 10, 13.1% industrial output growth rate is lower than September's 13.3%, significantly influenced by the holidays. 1-10 industrial output rose 16.1%, the growth rate of 16.3% lower than the January-September.
Investment, in October of urban fixed-asset investment rose 23.7%, faster than September's 23.2%, affected by the stock market rebound. January-October total urban fixed-asset investment rose 24.4% lower than the growth rate of 24.5% from January to September.
 Also released data show that oil consumption in China from January to October rose by 12% to a record 892 million barrels / day.
U.S. Energy Information Administration (EIA) inventory report showed crude oil inventories fell last week of 330 million barrels, the market had expected an increase of 140 million barrels. Distillate inventories fell 500 million barrels, far higher than previously expected by the market to reduce 190 million barrels. Gasoline inventories fell 190 million barrels, well above the expected decrease of 80 million barrels.
Credit Suisse (Credit Suisse) in Singapore, said commodities analyst Stefan Graber, crude oil market is flooded with positive news. At least in the Brent market is expected that oil prices will test $ 90.
Barclays Capital (Barclays) analyst Paul Horsnell said crude oil inventories high suppression effect of oil prices has disappeared. (Zhishan)