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Summary The price of oil is higher after a report showing US manufacturing activity rose in September.
It reportedly happened for the first time in four months.The Institute for Supply Management, a trade group of purchasing managers, said Monday its index of factory activity was buoyed by a jump in new orders.Analysts expected a decline. The increase was a sign that the economy is improving. A measure of employment also increased, suggesting manufacturers added workers last month.Not all economic indicators were positive Monday. A separate report from the Commerce Department says U.S. builders trimmed their activity for a second straight month in August. Construction activity is roughly half of what economists consider to be healthy.Benchmark crude rose 43 cents to $92.62 a barrel around 10:30 a.m. (1430 GMT) in New York.
