Oil prices down in Asia on weak China data

SINGAPORE: Oil prices eased in Asia on Tuesday as data showing weak Chinese manufacturing activity fuelled concerns over demand in the world's second-largest economy, analysts said. New York's main...

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AFP
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Oil prices down in Asia on weak China data
SINGAPORE: Oil prices eased in Asia on Tuesday as data showing weak Chinese manufacturing activity fuelled concerns over demand in the world's second-largest economy, analysts said.

New York's main contract, light sweet crude for delivery in June dropped 43 cents to $88.76 a barrel on its first day of trade, while Brent North Sea crude for June shed 34 cents to $100.05 in mid-morning trade.