Oil prices are edging lower on Thursday morning on signs that the Chinese economy is cooling, raising concern of a slowdown in crude oil demand from the world's second-largest energy consumer, said traders.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 74.38/bbl on the ICE platform, down USD 0.63 on Wednesday's close.
Data from China showed its official purchasing managers index for June fell to 52.1 from 53.9 in the prior month, the second consecutive month of falls. The market had anticipated a milder drop to 53.1.
Donnerstag, 1.07.2010, 08:23 Uhr
Redaktion
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