Michele Kearney's Nuclear Wire

Oil Drops as US Manufacturing Shrinks in June Businessweek Slower growth in China may curb demand this year and next, the Energy Department said June 12 in its Short-Term Energy Outlook. Consumption in the U.S., the world's largest oil user, will drop for a second year in 2012, the department said. Demand in ...

Oil Trades Near Two-Day Low on U.S. Manufacturing, Europe Jobs Bloomberg - Oil declined for a second day in New York after manufacturing unexpectedly shrank last month for the first time in almost three years in the US, the world's biggest consumer of crude. Futures slid as much as 0.5 percent, extending yesterday's 1.4 ... Oil falls on weaker US, China data San Jose Mercury News - ‎ NEW YORK—Last week's spike in the price of oil may have been a little overdone. Benchmark US crude dropped 1.4 percent in New York, paring back some of the 9.4 percent increase on Friday. Oil fell by $1.21 to end the day at $83.75 per barrel. Oil Falls 1.4% to $83.75 Wall Street Journal - ‎1 hour ago‎ By JOHN M. BIERS NEW YORK—Oil prices retreated 1.4% Monday as the euphoria over last week's European Union plan faded and poor manufacturing data from the US and China came into focus. Analysts said the decline was probably inevitable after Friday's ... Oil slips on more signs of slowing economy Reuters Africa - ‎ * US, European, Chinese factory activity slowing * Iranian lawmakers discuss blocking Strait of Hormuz * Coming up: API oil data, 4:30 pm EDT Tuesday (Updates with stocks results, Iran talks detail paragraphs 11, 21) By Robert Gibbons NEW YORK, ... NYMEX-US crude eases on glum China, EU, US factory data Reuters - ‎ | SEOUL, July 3 (Reuters) - US crude oil futures extended losses in early Asian trade on Tuesday after dismal manufacturing data from China, Europe and the United States sparked concerns about oil demand, outweighing any boost from a threat by Iran to ...