OIL FUTURES: Crude Rises Above $105 On Manufacturing Data
The Wall Street Journal
U.S. crude futures rose Tuesday after a measure of U.S. manufacturing improved over the previous month, a sign that the economy is continuing to recover. "Markets were flat and nervous ahead of this number because of how it reflects on to oil," said Matt Smith, an analyst at Summit Energy. "Continuing expansion in the manufacturing sector is going to drive distillate demand, and it works on down the chain."
