Oil falls to near $103 as China manufacturing remains weak
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.
If you have questions, please email email@example.com.
To start your free 14-day trial, fill in the form below.