You are here

Oil price climbs from 2-year low to above US$95

China PMI a boost following fears of rising oil supply

[LONDON] Oil rose from the lowest level in more than two years to over US$95 a barrel on Wednesday, as a slightly better-than-expected Chinese factory survey countered worries of an economic slowdown in the world's No 2 oil consumer and of ample supplies.

Growth in China's manufacturing