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Oil higher after US manufacturing report

The price of oil is higher today after a report showing US manufacturing activity rose in September for the first time in four months.

That overshadowed a report showing US 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 a barrel around 11.30am on the New York Mercantile Exchange.

Brent crude, which is used to price international varieties of oil, fell 38 cents to $112.01 per barrel on the ICE Futures Exchange in London.