Brent crude oil held around $107 a barrel on Friday after - TopicsExpress

Brent crude oil held around $107 a barrel on Friday after stronger-than-expected manufacturing sector in China boosted the outlook for demand, while a lingering oil crisis in Libya is supporting supply worries. Chinas manufacturing sector grew at the fastest pace in 18 months in October, official data showed, adding to signs of economic stabilization in the worlds second-largest oil consumer. Brent oil is set to gain more than $1 next week as Libya struggles to ramp up exports and unrest in fellow OPEC member Iraq worsens.

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