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Oil rises as US, China manufacturing improves

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Oil rises as US, China manufacturing improves
Associated Press
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Updated 1:43 am, Tuesday, January 29, 2013

China's manufacturing activity has also recently rebounded as the country emerges from its deepest slump since the 2008 global financial crisis. "The news just appears to be positive and at this stage consistent with consensus or better on growth in the major economies, particularly in the U.S. and China," said Ric Spooner, chief market analyst at CMC Markets in Sydney. The government will release reports on weekly jobless claims, unemployment and fourth-quarter growth. [...] the Federal Reserve's policy committee holds a two-day meeting that concludes on Wednesday. Reported by SeattlePI.com 1 hour ago.

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