NEW YORK: Oil prices on both sides of the Atlantic edged higher yesterday as data from the United States, China and the euro zone kindled hopes for better demand from three of the world’s largest energy consumers, and as oil exports from Libya stayed limited by strikes and unrest.
US manufacturing activity hit a five-month high in August as hiring picked up and new orders increased at their fastest pace since January, an industry report showed yesterday.
Business activity across the euro zone has picked up this month at a faster pace than expected, surveys showed, led by Germany as it benefited from growing demand for its exports.
Activity in China’s manufacturing sector also hit a four-month high as new orders rebounded, data showed.
REUTERS
