Crude-oil futures rose in Asian trade Monday on the back of positive Chinese economic data, but gains were limited as oil markets remained focused on production levels from the Organization of the Petroleum Exporting countries. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.03 a barrel at 0506 GMT, up $0.38 in the Globex electronic session. December Brent crude on London’s ICE Futures exchange rose $0.47 to $83.86 a barrel. China’s overall export growth slowed in October to 11.6% from September’s 15.3%, weekend data showed, but was still faster than expected and helped boost market sentiment. The country’s economic risks are manageable and Beijing has the tools to address the perceived risks, Chinese President Xi Jinping said at the Asia-Pacific Economic Cooperation meeting over the weekend. China’s trade data showed its imports of crude oil rose 18.0% from […]