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Oil prices rise as China factory gains boost demand outlook.

Brent crude oil for May was up 24 cents, 0.3%, to 83.69 a barrel at 0214 GMT. The April contract expired on Tuesday up $1.44, or 1.8%, at $83.89.

Oil prices rose for a second day on Wednesday as reports of expanding manufacturing activity in China, the world’s biggest crude importer, boosted the outlook for global fuel demand.

Brent crude oil for May was up 24 cents, 0.3%, to 83.69 a barrel at 0214 GMT. The April contract expired on Tuesday up $1.44, or 1.8%, at $83.89.

U.S. West Texas Intermediate (WTI) crude for April rose 31 cents, or 0.3%, to $77.36 a barrel after gaining 1.8% in the previous session.

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Market LIVE Updates: Sensex up 300 pts, Nifty around 17,400; metal, auto, banks in focus.

Stock Market LIVE Updates: All the sectoral indices are trading in the green.

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Market LIVE Updates: Sensex up 300 pts, Nifty around 17,400; metal, auto, banks in focus

Market Opens: Indian indices opened on positive note on March 1 with Nifty around 17,350.

At 09:16 hrs IST, the Sensex was up 230.41 points or 0.39% at 59,192.53, and the Nifty was up 68.80 points or 0.40% at 17,372.80. About 1217 shares have advanced, 634 shares declined, and 104 shares are unchanged.

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