Muscat: Oil prices rose during today's trading, supported by Chinese economic data that boosted expectations of improved demand. Brent crude futures climbed 19 cents, or 0.3 percent, to $64.13 a barrel, while US West Texas Intermediate (WTI) crude futures for February - which expire today, Tuesday - rose 25 cents, or 0.4 percent. The more actively traded WTI March contract edged up 0.08 cents, or 0.13 percent, to $59.42 a barrel.

According to Oman News Agency, the increase in oil prices is linked to positive economic indicators from China, which is one of the world's largest oil consumers. The data has heightened anticipation that China's demand for oil will strengthen, thus supporting global oil markets. The rise in Brent and WTI futures reflects the market's response to these developments, as traders adjust their positions in line with the improved demand outlook.

The current market dynamics highlight the significant influence of Chinese economic activity on global oil prices. As China continues to recover and expand economically, its energy needs are likely to grow, providing a potential boost to oil exporters. The upcoming expiration of the February WTI contract has also influenced trading patterns, as market participants focus on the March contract.