AlHijjah 19, 1434, Oct 24, 2013, SPA -- Stronger Chinese manufacturing pushed the price of oil higher Thursday but gains were kept in check by plentiful supplies, according to AP. Benchmark U.S. crude for December delivery was up 65 cents at $97.51 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.44 to $96.86 on Wednesday after the Energy Information Administration said U.S. oil inventories rose by 5.2 million barrels last week, a possible symptom of subdued demand and overproduction. The rise in stockpiles followed a 4 million barrel increase in the previous week. Brent crude was up 31 cents at $108.11 a barrel on the ICE futures exchange in London.
