Oil rises on better than expected manufacturing data

Oil rose from a six-week low today on the back of better than expected US manufacturing data.

2nd April, 2012
Oil rises on better than expected manufacturing data
Oil prices on the up

Oil rose from a six-week low today on the back of better than expected US manufacturing data.

According to a report by Bloomberg News, oil prices rose after a report was published showing that US manufacturing had expanded at a faster pace than forecast.

Oil futures climbed as much as 1 per cent following better than expected data from the US Institute for Supply Management’s factory index.

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