By Christian Schmollinger
Nov. 18 (Bloomberg) -- Crude oil rose in New York on signs that U.S. manufacturing increased, raising expectations that fuel demand may improve in the world's largest consumer.
Crude oil for December delivery rose as much as 35 cents, or 0.6 percent, to $55.30 a barrel on the New York Mercantile Exchange. It was at $55.26 a barrel at 9:45 a.m. Singapore time. Prices have tumbled 63 percent since reaching a record $147.27 on July 11.
To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net.
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