NEW YORK (AP) ? The price of oil is higher Monday after a report showing U.S. manufacturing activity rose in September for the first time in four months.
That overshadowed a report showing U.S. construction spending fell for second straight month in August and a survey indicating manufacturing in China continues to slow.
Benchmark crude rose 35 cents to $92.53 around 11:30 a.m. in New York. Brent crude, which is used to price international varieties of oil, fell 38 cents to $112.01 on the ICE Futures Exchange in London.
Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service. But they're still 35 cents higher than they were a year ago. Low supplies of gasoline, particularly in the Northeast are keeping prices elevated.
In other energy futures trading:
? The price of natural hit another year high at $3.48 per 1,000 cubic feet, before falling back to $3.43, up 11 cents.
? Heating oil lost 2 cents to $3.14 per gallon.
? Wholesale gasoline also lost 2 cents to reach $2.90 per gallon.
Source: http://news.yahoo.com/oil-higher-us-manufacturing-report-154608794--finance.html
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