Oil rose amid signs of stabilization in China, the world’s second-biggest user, and as U.S. and OPEC production slowed. Futures gained as much as 1.6 percent in New York. China’s official manufacturing gauge for September came in at 49.8, above the median 49.7 forecast in a Bloomberg survey. A private gauge also beat estimates. U.S. production declined for the seventh time in eight weeks to a 10-month low. The Organization of Petroleum Exporting Countries produced 32 million barrels a day in September, down 0.7 percent from the previous month. Oil has plunged more than 25 percent from this year’s closing peak in June amid speculation a global glut that drove prices to a six-year low will be sustained and as China’s economy grows at the slowest pace in a generation. U.S. crude stockpiles remain about 100 million barrels above the five-year seasonal average. “China’s manufacturing data has at least […]