Wall Street Journal | Oil Prices Move Higher After China Economic Data Wall Street Journal The latest manufacturing gauge in China, the world's second biggest oil consumer, showed a modest improvement in February. The preliminary HSBC China Manufacturing PMI rose to 50.1 compared with a final reading of 49.7 in January, data showed. Oil rises above $59 as Saudis say demand growing Oil rises as Saudi minister says demand growing Saudi's Naimi says oil demand is growing, markets calm |