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21 Aug 2014
Oil recovers from 6-month low
FXStreet (Córdoba) - Oil prices bounced from lows and turned positive for the day after hitting a fresh 6-month low in the wake soft Chinese PMI data.
Crude oil for October delivery rose to a day high of $93.95 a barrell and was last up 0.29% at $93.72/bbl. It had scored its lowest since February at $92.50 earlier on the day, weighed by disappointing Chinese PMI.
Oil prices advanced Wednesday after data showed a larger-than-expected fall in weekly US oil stockpiles, but USD broad strength helped limit the upside.
October Brent crude fell 0.48% to $101.79 a barrel.
Crude oil for October delivery rose to a day high of $93.95 a barrell and was last up 0.29% at $93.72/bbl. It had scored its lowest since February at $92.50 earlier on the day, weighed by disappointing Chinese PMI.
Oil prices advanced Wednesday after data showed a larger-than-expected fall in weekly US oil stockpiles, but USD broad strength helped limit the upside.
October Brent crude fell 0.48% to $101.79 a barrel.