Crude oil futures have made a good start of the new week in the early Asian trade after data showed manufacturing growth in the world’s second-biggest oil consumer China, exceeded estimates in last month. The Purchasing Managers’ Index of the country as per the National Bureau of Statistics and China Federation of Logistics and Purchasing stood at 51.4.
Benchmark crude oil futures for January delivery rose by 46 cents to $93.14 in electronic trading on the New York Mercantile Exchange. In London, Brent for January settlement increased by 69 cents to $110.38 a barrel on the ICE.
Benchmark crude oil futures for January delivery rose by 46 cents to $93.14 in electronic trading on the New York Mercantile Exchange. In London, Brent for January settlement increased by 69 cents to $110.38 a barrel on the ICE.
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