Oil prices rose above $80 a barrel today on stronger-than-expected US and Chinese economic data.

For November delivery US crude rose by 63¢ to stand at $80.60 a barrel at 06.54 GMT, while London Brent crude was up 66¢ at $82.97 a barrel, reports Reuters.

China’s Purchasing Managers Index revealed that manufacturing data is accelerating while in the US new jobless claims fell, regional manufacturing grew faster than expected and consumer spending was stronger than expected.