Oil Fell 49 Cents Over Poor Chinese Export Growth Report

Bloomberg reported that oil inched down 49 cents due to poor Chinese export growth report.

As quoted in the market news:

Oil for September delivery fell 49 cents to settle at $92.87 a barrel on the New York Mercantile Exchange. It decreased as much as 1.8 percent to $91.71 in intraday trading.

Click here to read the full Bloomberg report.