Oil edges up on Tuesday on mixed economic data from China.

A barrel of European reference crude Brent goes for USD 79.40 on Tuesday morning, up from USD 79.12 on Monday afternoon. US benchmark West Texas Intermediate simultaneously trades at USD 75.76, against USD 75.45, amid mixed signals from China’s economic and industrial recovery from the coronavirus pandemic, reports Reuters.

There were positive signs of consumer spending during the Golden Week holiday period.

Passenger travel on the first day of the holiday surged 151.8% from the same day last year, reports domestic broadcaster CCTV.

However, the manufacturing output unexpectedly fell in April, according to official data, which is the first contraction since December, writes Reuters.

Elsewhere, US crude stockpiles keep dipping, providing some support for the market. The data is based on a poll, before the American Petroleum Institute published official numbers on Tuesday, according to Reuters.

The market is still waiting for the US Federal Reserve to expectedly raise interest rates which often reduce oil demand.