Oil prices are bouncing back from prior-session lows on Wednesday morning following positive Chinese data, which indicated manufacturing output there is growing faster than expected, alleviating slowdown fears, analysts said.
The front month contract for Brent North Sea crude oil was last seen USD 0.46 firmer at USD 75.10/bbl, while the WTI contract on Nymex firmed USD 0.50 to USD 72.43/bbl last. China's purchasing managers' index jumped to 51.7 in August, from 51.2 in July, beating analysts' expectations, which, together with firmer Asian equities, lifted crude prices, players said.
The B
Mittwoch, 1.09.2010, 08:46 Uhr
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