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New York - Oil prices rose more than one U.S. dollar above 78 U.S. dollars per barrel on Tuesday local time, lifted by a weaker dollar and solid manufacturing data from China to encourage energy demand expectations "rebounding" (turned up).

New York crude oil, light sweet for January delivery rose 1.09 dollars to settle at 78.37 dollars per barrel. In London, Brent crude North Sea add 88 cents to settle at 79.35 dollars.

Business survey in China showed the second largest energy consumer of the world's most kemerostan recovered from the global economy, laid the foundation for solid expansion in 2010.

"China is the manufacturing data to support and the weak dollar is also supporting commodities," said Tom Bentz, analyst at BNP Paribas Commodity Futures in New York.

Investors have seen the economic data is more extensive in a few months for signs of economic recovery and the potential for a rebound in energy demand.

U.S. stocks rose, buoyed by expectations of economic recovery.

The data show that delayed the sale of U.S. homes that previously had been owned rose more than expected in October, their highest level in three and a half years.

A weaker dollar also gave support for the waning concerns about Dubai's debt to help dim the currency as a "safe haven". A weaker dollar makes dollar-denominated commodities like crude oil cheaper for holders of other currencies and tend to support prices.

Catalyst to assuage concerns about Dubai's debt announcement on Monday from Dubai World, the center of the storm of debt, the planned restructuring of several units involved in the 26 billion dollar debt.

"It looks like the sentiment, especially assistance from Dubai, because the overall supply and demand does not change," said Joseph Arsenio, managing director of Arsenio Capital Management in Larkspur, California, said crude oil increased.

Weekly reports crude oil inventories The American Petroleum Institute will be released Tuesday. Crude oil stocks rose 400,000 barrels last week.

Oil has rallied from below 33 dollars in December last, but has survived in the narrow limits from 70 dollars to 82 dollars for two months. Some analysts see little likelihood that prices will push the range above, since many inventory and little sign of strengthening demand.

"We saw a little encouragement to break into the top, even if the economic indicators rose a surprise this week," said Credit Suisse analysts in a research note.

"Inventories depends on the diesel oil and heating oil markets will prevent the violation higher prices for a while." (*) (ANTARA News / Reuters)