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Oil rises as US, China manufacturing improves

By Pamela Sampson
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BANGKOK (AP) — The price of oil rose Tuesday, boosted by improvements in manufacturing in the world’s two largest economies.

Benchmark oil for March delivery was up 29 cents to $96.73 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 56 cents to finish at $96.44 a barrel on the Nymex on Monday.

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