London-Sana
Oil prices rose today on positive news from the Chinese private sector after crude hit its lowest level in nearly a month during the previous session after concerns about the weakness of the global economy.
Brent crude rose 31 cents, or 0.53 percent, to $ 58.57 a barrel, while US West Texas Intermediate crude futures gained 34 cents, or 0.63 percent, to $ 54.28 a barrel.
Oil prices fell to their lowest level in nearly a month yesterday after data showed US factory activity contracted in August for the first time in three years and the manufacturing sector in the euro zone contracted for the seventh month in a row.
Global stock markets rose today after a private survey showed that private sector activity in China grew at the fastest pace in three months in August as new orders rose.