By Ann Koh
Nov. 2 (Bloomberg) -- Crude oil rose from a two-week low as traders bought back contracts on bets of a recovery in fuel demand after manufacturing in China, the world’s second-biggest oil user, expanded at the fastest pace in 18 months.
Thailand’s PTT Exploration & Production Pcl is “under a lot of pressure” as a fire burns on a stricken drilling rig that has been leaking oil for 10 weeks in the Timor Sea, the Australian government said.
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To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net
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