5/3, 6:11 PM (Source: TeleTrader)
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Oil up over 1% after US data

Prices of oil futures rose over 1% on Monday after United States economic data releases showed that the country's manufacturing sector activity maintained growth in April, seemingly lifting the traders' sentiment concerning the recovery of the world's biggest oil consumer's demand.

Brent for July deliveries was up 0.81%, going for $67.30 per barrel at 11:53 am ET, while West Texas Intermediate (WTI) for settlements in June gained 0.88% to sell for $64.14 per barrel at the same time.

Breaking the News / MS