Oil prices are falling on Monday morning on a contraction in Chinese manufacturing activity for a second straight month, an analyst said.
The front month contract for Brent North Sea crude oil was last seen changing hands down USD 0.82 at USD 111.57/bbl on the Ice platform. On Nymex, the WTI November contract was last seen at USD 91.59/bbl, down USD 0.60 on Friday's close. Crude oil prices are lower due to China's Purchasing Managers' Index (PMI) in September staying below 50, [signaling continued contractio
Montag, 1.10.2012, 09:16 Uhr
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