“BANGKOK (AP) — The price of oil rose above $94 per barrel Tuesday as traders awaited U.S. economic indicators following a long holiday weekend.
Benchmark oil for July delivery was up 43 cents to $94.56 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 10 cents to close at $94.15 per barrel on Friday. Monday was a public holiday in the U.S. and Britain.
Traders think global energy demand could weaken after a survey by HSBC Corp. released last week showed a decline in China’s manufacturing for May. An official report on factory production in the world’s second-largest economy will be released later in the week…..”
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