Crude Oil Pares Losses on Unexpected Rise in U.S. Manufacturing Output

Bloomberg reports that Oil fell for the first time in four days.

The market news is quoted as saying:

Futures tumbled as much as 2.1 percent, trimming the biggest weekly gain in almost three months, after China’s Purchasing Managers’ Index fell to the lowest level since February 2009 and a gauge in the 17-nation euro area slipped to an 18-month low.