Manufacturing Data Sends Oil Higher –

According to the Institute of Supply Management, U.S. manufacturing for April increased the most in ten months.  The data sent crude oil prices higher in trading on Tuesday.  Crude oil prices rose above the 50 day moving average of $105.21 a barrel.  Technical trading gave prices a slight increase and crude settled at $106.20 a barrel.

To read a related Fox Business article, please click here:

http://www.foxbusiness.com/industries/2012/05/01/ism-data-lift-oil-prices/

Jim Sutliff

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