Oil Declines 1.9 percent on Chinese Manufacturing Data

- January 20th, 2012

Bloomberg reported that oil dropped 1.9 percent over China’s slow manufacturing data.

Bloomberg reported that oil dropped 1.9 percent over China’s slow manufacturing data.

As quoted in the market news:

Crude for February delivery dropped $1.93 to $98.46 a barrel on the New York Mercantile Exchange, the lowest settlement since Dec. 20. The contract expired today. The more active March contract declined $2.21 to $98.33.

Click here to read the full Bloomberg report.

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