INQUIRER.net: Oil prices up in Asia

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Oil prices up in Asia Nov 1st 2013, 08:33 SINGAPORE--Oil prices rose in Asia Friday on news that China's manufacturing grew at its strongest pace in 18 months in October, analysts said. Prices were subdued in the morning but edged higher in the afternoon after the release of the data, which indicate that the world's second biggest economy is emerging from a growth slowdown. New York's main contract West Texas Intermediate (WTI) light sweet crude for December delivery advanced 12 cents to $96.50 in late afternoon trade, while Brent North Sea crude for December added 36 cents to $109.20. "Prices turned around after the release of China's purchasing managers' index (PMI) for October showing continued expansion in manuf... Keep on reading: Oil prices up in Asia Media files: US-Oil-Boom-1024x593.jpg (image/jpeg)

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