China's manufacturing PMI at 50.3 in November

The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.3 in November, up from 50.1 in October, official data showed Saturday.

A reading above 50 percent indicates expansion, while a reading below 50 percent reflects contraction.

The manufacturing PMI has increased for three consecutive months and remained in the expansion range for two consecutive months, according to data jointly released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics (NBS).

China's manufacturing PMI at 50.3 in November

China's manufacturing PMI at 50.3 in November

China's manufacturing PMI at 50.3 in November

China's manufacturing PMI at 50.3 in November

Oil prices climbed on Thursday.

The West Texas Intermediate for January delivery increased by 72 cents, or 1.22 percent, to settle at 59.67 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for February delivery went up 59 cents, or 0.94 percent, to settle at 63.26 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle higher