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

- July 1st, 2011

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

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.

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