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Bloomberg reported that crude oil dropped as Chinese manufacturing contracted for a second month in December.
Bloomberg reported that crude oil dropped as Chinese manufacturing contracted for a second month in December.
As quoted in the market news:
Futures dropped 0.8 percent after the report by HSBC Holdings Plc and Markit Economics also showed China’s exports (CNFREXPY) fell for the first time in three months as Europe’s debt crisis reduced orders.
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