Oil Rises Most in Six Weeks on U.S. Manufacturing

Oil rose the most in almost six weeks after a report showed that manufacturing in the U.S. expanded at a faster pace than forecast, signaling economic growth in the world’s biggest crude-consuming country.

Futures climbed 2.1 percent as the Institute for Supply Management’s factory index increased to 53.4 last month from 52.4 in February, the Tempe, Arizona-based group’s data showed. The median forecast in a Bloomberg News survey called for a gain to 53. Crude fell earlier after a report showed euro-region manufacturing contracted.