Oil prices rise amid upbeat economic data

Oil prices ended higher on Thursday as U.S. economic data came out overall positive.

The West Texas Intermediate for February Delivery increased 0.46 dollars to settle at 52.95 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery added 0.59 dollars to close at 55.05 dollars a barrel on the London ICE Futures Exchange. Enditem