By Moming Zhou & Polya Lesova, MarketWatch NEW YORK (MarketWatch) - Crude-oil futures rose Friday for a fifth straight session, the longest winning streak in nearly two months, as Chinese data pointed to a pick-up in economic recovery in the world's second-biggest oil consumer. Also helping oil move higher, the dollar fell against the euro to a fresh one-year low, pushing up dollar-denominated oil prices, and global stocks moved broadly higher. On the New York Mercantile Exchange, October crude futures rose 32 cents, or 0.5%, to $72.26 a barrel, after hitting a two-week high of $72.48. Crude has gained more than 6% in the five sessions starting last Friday, the longest winning streak since a five-session string that ended on July 21. It's set to rise more than 6% this week. "A raft of positive economic data from China has helped cement expectations of a recovery in place," said Amrita Sen, an analyst at Barclays Capital. China's industrial output rose 12.3% on year in August, gaining for a fourth straight month, the National Bureau of Statistics said. Meanwhile, banking lending rose last month despite recent hints from Chinese bank regulators that the enormous growth of new loans would be scaled back. See related story. The upbeat economic data pushed up China's stocks Friday, while European shares rose for a seventh straight session. U.S. stocks also moved higher on Friday for a fifth session. In currencies trading, the dollar fell for a fourth session, with the euro rising 0.1% against the dollar to $1.4592. The euro hit $1.4627 earlier in the session, the highest level since last September. The dollar index (DXY 76.53, -0.29, -0.37%) was down 0.2% at 76.661. Despite the recent rally, the oil market is still under pressure from weak demand and higher inventories. The Energy Information Administration on Thursday reported a big buildup in gasoline inventories last week, as gasoline demand fell 2.1% from a week ago. See related story. Concerns over the large builds in petroleum product inventories "could pressure on the energy complex," said Nimit Khamar, an analyst at Sucden Financial Research. Also in energy trading, October reformulated gasoline rose 0.5% to $1.8119 a gallon and October heating oil edged up 0.3% to $1.7939 a gallon. October natural gas gained 1.1% to $3.298 per million British thermal units. It rallied 15% Thursday, the biggest one-day gain since May 2008. The United States Oil Fund (USO 37.35, -0.02, -0.05%) gained 0.1%, and the United States Natural Gas Fund (UNG 11.27, +0.09, +0.81%) slid 0.3%.

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