Oil price falls to $93 on China manufacturing data
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 10:50 pm, Tuesday, April 30, 2013
The contract fell $1.04 to finish at $93.46 per barrel on Tuesday in anticipation of another increase in U.S. crude supplies. The China Federation of Logistics and Purchasing, an industry group, released data Wednesday showing that manufacturing grew at a slower pace in April and that export orders had been declining steadily. Brent crude, which is used to set prices of oil from the North Sea used by many U.S. refiners, fell 89 cents to $101.48 on the ICE Futures exchange in London. Reported by SeattlePI.com 45 minutes ago.
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 10:50 pm, Tuesday, April 30, 2013
The contract fell $1.04 to finish at $93.46 per barrel on Tuesday in anticipation of another increase in U.S. crude supplies. The China Federation of Logistics and Purchasing, an industry group, released data Wednesday showing that manufacturing grew at a slower pace in April and that export orders had been declining steadily. Brent crude, which is used to set prices of oil from the North Sea used by many U.S. refiners, fell 89 cents to $101.48 on the ICE Futures exchange in London. Reported by SeattlePI.com 45 minutes ago.