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Oil gets promote from China, US economic reports

The rise in oil prices, on Thursday, the United States and China's positive economic news.
The New York mercantile exchange benchmark crude oil rose 72 cents at $95.95 a barrel.
In China's oil demand picks up signs. HSBC bank monthly purchasing managers' index, the index measure of China's manufacturing activity, in January, 51.9 for the fifth consecutive month rise from December 51.5. The index is higher than that in fifty manufacturing expansion. More manufacturing means more energy consumption, will push up the price of oil.
In the United States, the United States last week for the number of unemployment benefits fell to its lowest level in five years, evidence that employers cut fewer jobs and strengthen the recruitment.
And every day to see the driver do an average of $3.32 a gallon of gasoline prices rose for the night. This is from a week ago rise 3 cents.
Energy information agency oil inventory increase 2.8 million barrels last week, more than analysts' forecasts. This makes 36.31 quadrillion barrels of crude oil inventory, an increase of 8.5% from the same period last year level. But gasoline stocks fell by 1.7 million barrels, due to demand rise, oil refinery slowdown, according to the department of energy's statistics institutions. Analysts had expected gasoline inventory increase.
On Wednesday, a drop in oil prices to $1.45 a barrel after cut to less than half, because ability is limited, on the gulf coast of the crude oil refinery through the channel of the pipeline from Cushing, Oklahoma shipments. Key Cushing hub supplies benchmark crude oil prices to maintain the highest level in twenty years. This is expected to drop pipe for more crude oil.
, the international oil price, variety of brent crude oil rose and cents at $113.28 a barrel on the ICE futures exchange in London.
In other energy futures trading on the New York mercantile exchange:
- wholesale gasoline rise 3 cents at $2.86 a gallon.
- gas down 11 cents at $3.45 per 1000 cubic feet.
- heating the oil added a less than a penny to close at $3.09 a gallon.
 



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