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Oil prices rise on improvement in US manufacturing
Saudi Press Agency Published in Saudi Press Agency on 01 - 05 - 2012

Oil prices are climbing as April's manufacturing rate expanded at the fastest pace in 10 months, signaling more demand for energy products, AP reported.
Benchmark oil rose $1.22 Tuesday to $106.09 per barrel in morning trading in New York. Brent crude increased by 44 cents to $119.91 in London.
A purchasing managers' trade group said U.S. manufacturing benefited from new orders and more production. A measure of employment also increased.
In addition, Chinese manufacturing expanded for a fifth straight month.
Concerns remain about Europe's struggle with a massive government debt crisis that is hurting the region's economy.
-- SPA

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