Friday, February 27th3.8°C
25355
25068

Crude oil price falls slightly as data shows slowdown in Chinese manufacturing

NEW YORK, N.Y. - The price of oil fell slightly Monday after a report showed a fourth consecutive month of contraction in China's manufacturing sector.

Benchmark West Texas Intermediate crude for June delivery fell 28 cents to close at US$99.48 a barrel. Brent crude, a benchmark for international varieties of oil, dropped 87 cents to US$107.72 on the ICE Futures exchange in London.

Oil prices were kept in check by new data pointing to a continuing slowdown in China, the world's second-largest economy, and the possibility of lower energy demand.

China's factory activity contracted again last month, according to HSBC's purchasing manager index and the pace of the decline was more severe than a preliminary version of the report indicated.

In other energy futures trading on the New York Mercantile Exchange, wholesale gasoline fell four cents to US$2.91 a U.S. gallon (3.79 litres), heating oil lost two cents to US$2.91 a gallon and natural gas added one cent to US$4.69 per 1,000 cubic feet.

(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS), (TSX:CVE)

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15315.95+74.79
S&P CDNX703.48+2.55
DJIA18194.81-19.61
Nasdaq4982.518-5.372
S&P 5002111.49+0.75
CDN Dollar0.7997+0.0006
Gold1203.00+6.10
Oil51.56+1.17
Lumber295.50+0.50
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.03
Cantex0.035-0.005
Anavex Life Sciences0.19+0.001
Metalex Ventures0.035-0.005
Russel Metals25.70+0.40
Copper Mountain Mining1.29+0.03
Colorado Resources0.15+0.015
ReliaBrand Inc0.0087+0.0017
Sunrise Resources Ltd0.05+0.015
Mission Ready Services0.215+0.005

 



24497

FEATURED Property
22055051333 Cedar street
2 bedrooms 1 baths
$225,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24697