Oil Retreats as U.S. Manufacturing Index Slips to Two-Year Low

Bloomberg reports that crude oil inched down after U.S. manufacturing index slipped to a two year low.

The market news is quoted as saying:

Crude for September delivery fell 65 cents, or 0.7 percent, to $95.05 a barrel at 11:01 a.m. on the New York Mercantile Exchange. Prices are up 20 percent over the past year.

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