Oil futures are higher on Monday, boosted by better-than-expected factory data from China and as uncertainty over oil supplies from Iran lingered. China’s official manufacturing Purchasing Managers’ Index data came in at 51.4 in November–ahead of market expectations and above the key 50-point level that separates expansion from contraction. “Oil is seen extending gains after data from China over the weekend showed industrial activity in the world’s number two crude buyer remained high despite worries the economy is facing a modest slowdown,” Singapore’s UOB Economic Treasury Research said in a note. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at $93.15 a barrel at 0531 GMT, up $0.43 in the Globex electronic session. January Brent crude on London’s ICE Futures exchange rose $0.41 to $110.10 a barrel. Brent oil is also getting a boost due to easing concerns over the potential return […]