Oil Drops 1.4% as U.S. Manufacturing Declines in June

Business Week reported that oil dropped 1.4% as U.S. manufacturing declined in June.

As quoted in the market news:

Prices dropped 1.4 percent as the Institute for Supply Management’s U.S. factory index fell to 49.7 in June from 53.5 a month earlier.

Click here to read the full Business Week report.