Oil Futures Rebound in New York After China’s Inflation Eased

Oil rose as much as 0.3 percent in New York after data showed China’s inflation cooled for a fourth straight month, providing more room to stem a growth slowdown in the world’s second-biggest crude consumer.

Futures for September delivery climbed 18 cents, or 0.2 percent, to $93.53 a barrel in electronic trading on the New York Mercantile Exchange at 10:09 a.m. in Singapore after earlier falling as much as 0.1 percent. Prices dropped yesterday for the first time in four days.

To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.