Oil falls to near $103 as China manufacturing remains weak

Oil   Oil

SINGAPORE (AP) — Oil prices fell to near $103 a barrel Monday in Asia after a report showed Chinese manufacturing may have improved this month but remains weak.

Benchmark oil for June delivery was down 63 cents to $103.25 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.16 to settle at $103.88 in New York on Friday.

Brent crude for June delivery was down 56 cents at $118.20 per barrel in London.

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