Bloomberg News

Crude Oil Falls After Manufacturing Declines More Than Expected

August 01, 2011

Aug. 1 (Bloomberg) -- Crude oil gave up gains in New York, falling after a U.S. manufacturing index fell more than expected in July, indicating the slowest growth in two years.

Crude for September delivery fell 23 cents, or 0.2 percent, to $95.47 at 10:53 a.m. on the New York Mercantile Exchange. Earlier prices touched $98.60, heading for the biggest percentage gain since May 18. .

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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