West Texas Intermediate crude rose for the first time in four days as a measure of China ’s economic recovery topped forecasts, signaling increased demand in the world’s second-biggest oil consumer. Futures rebounded as much as 0.8 percent in New York after losing 3.9 percent over the previous three days. A preliminary index of Chinese manufacturing advanced to 50.9 for October, beating the median estimate of 50.4 in a Bloomberg News survey of economists. This week’s decline to the lowest price in almost four months may be excessive, according to a technical indicator. “The latest HSBC China PMI showing economic expansion is supportive,” said Victor Shum , a vice president at IHS Energy Insight, a consultant in Singapore . “It isn’t surprising to see a bit of buying this morning, as some market participants see this as a buying opportunity.” WTI for December delivery climbed as much as 77 […]