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And closed Measure the ore World Brent Up $ 1.43, or 2.1%, to $ 69.01 a barrel, after reaching $ 69.19, its highest level since November. Crude oil gained 27% from January to March.
The futures crude has increased West Texas The US dollar was down $ 1.45, or 2.4%, to $ 61.59 a barrel, after peaking at $ 61.72 over five months. US crude increased 32% in the first quarter.
US stocks rose after positive manufacturing data from the US and China eased fears of a slowdown in global growth.
Unexpectedly, China's manufacturing sector returned to growth in March for the first time in four months.
US manufacturing data was also better than expected in March, helping investors outperform the weak February retail data.
The United States and China said they have made progress in the trade talks that ended in Beijing on Friday, and Washington said negotiations were underway. "Constructive", The world's two largest economies are seeking to resolve their trade dispute.
Contribute to price support US sanctions on Iran Venezuela and OPEC provide discounts and other large producers.
A Reuters survey showed that state production OPEC In March, barrels per day decreased by 280,000 barrels from February to 30.4 million barrels, the lowest monthly production rate since 2015.
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Brent closed the day up $ 1.43, or 2.1%, to $ 69.01 a barrel after reaching $ 69.19, its highest level since November. Crude oil gained 27% from January to March.
US crude futures rose $ 1.45, or 2.4%, to $ 61.59 a barrel, after peaking at $ 61.72 over five months. US crude increased 32% in the first quarter.
US stocks rose after positive manufacturing data from the US and China eased fears of a slowdown in global growth.
Unexpectedly, China's manufacturing sector returned to growth in March for the first time in four months.
US manufacturing data was also better than expected in March, helping investors outperform the weak February retail data.
The United States and China said they have made progress in the trade talks that ended in Beijing on Friday. Washington said the talks were "constructive," with the world's two largest economies seeking to resolve their trade dispute.
US sanctions against Iran and Venezuela, supply cuts from OPEC and other major producers contribute to price support.
OPEC production in March fell by 280,000 barrels per day (bpd) from February, to stand at 30.4 million bpd, the lowest monthly production rate since then. 2015, according to a Reuters survey.
