West Texas Intermediate crude rebounded from its lowest close in more than a week after manufacturing expanded at the fastest pace this year in China , the world’s second-biggest oil consumer. Brent’s gains were capped as Libya said one of its ports would reopen. Futures gained as much as 0.6 percent in New York. China’s Purchasing Managers’ Index climbed to 50.8 in May, the National Bureau of Statistics and China Federation of Logistics and Purchasing in Beijing reported yesterday. Manufacturing data from Europe and the U.S. are due today. Libya’s Hariga port is set to reopen after authorities approved salary payments to Petroleum Facilities Guard members who are preventing crude loadings, according to National Oil Corp. “The Chinese manufacturing PMI came out better than expected, indicating the continued improvement of the economy,” Michael Poulsen, an analyst at Global Risk Management Ltd. in Middelfart, Denmark , said by e-mail. WTI […]