Reported growth in China’s manufacturing sector, the most in __ months, lifted oil prices for a time overnight, but the gains have not held, early on. Both Brent and WTI crude fell, yesterday, as the profit-taking on the recent widening of the spread occurred. Still, Brent surged above 109, overnight, while WTI held support just above $96. It is a tale of two crude oil markets, again, as the troubles in Libya set-off reaction in the Brent market much more than the well-supplied US market. The weekly US inventory report, on Wednesday, really hit the bull case hard…
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