TEHRAN
Oil rose the most since late February after a report said that United States (US) factories have cranked into a higher gear.
Manufacturers are big users of diesel fuel, so increased factory activity usually means increased demand for diesel.
Benchmark US crude increased Monday by $2.21 to $105.23 per barrel in New York. It was the biggest gain since February 21. Brent crude rose by $2.55 cents to $125.43 per barrel in London.
Meanwhile,
Oil prices fell to below 107 dollars a barrel today amid investor concerns that China’s economy and crude demand may grow less than expected this year.
Preliminary data showed Chinese industrial production fell to a four-month low this month.
China is the world’s second biggest consumer of