oracle query to get max hour every day, and corresponding row values

I'm having a hard time creating a query to do the following:

I have this table, called LOG:

ID | INSERT_TIME             | LOG_VALUE
 1 | 2013-04-29 18:00:00.000 | 160473
 2 | 2013-04-29 21:00:00.000 | 154281
 3 | 2013-04-30 09:00:00.000 | 186552
 4 | 2013-04-30 14:00:00.000 | 173145
 5 | 2013-04-30 14:30:00.000 | 102235
 6 | 2013-05-01 11:00:00.000 | 201541
 7 | 2013-05-01 23:00:00.000 | 195234

What I want to do is build a query that returns, for each day, the last values inserted (using the max value of INSERT_TIME). I'm only interested in the date part of that column, and in the column LOG_VALUE. So, this would be my resultset after running the query:

2013-04-29  154281
2013-04-30  102235
2013-05-01  195234

I guess that I need to use GROUP BY over the INSERT_TIME column, along with MAX() function, but by doing that, I can't seem to get the LOG_VALUE. Can anyone help me on this, please?

(I'm on Oracle 10g)


SELECT trunc(insert_time),
  FROM (
    SELECT insert_time,
           rank() over (partition by trunc(insert_time)
                            order by insert_time desc) rnk
      FROM log)
 WHERE rnk = 1

is one option. This uses the analytic function rank to identify the row with the latest insert_time on each day.

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