Oil down 1% as China's manufacturing growth hobbles

Monday, 02. August 2021 09:31

Oil prices lost close to 1% on Monday as the investors digested the IHS Markit's manufacturing data from Beijing.

China, one of the world's largest oil consumers, unveiled that the activity in the manufacturing sector grew at the slowest pace in 15 months.

Brent for September settlement slid 0.94% to $74.7 per barrel at 3:19 am ET. West Texas Intermediate for September delivery slid 0.84% to sell for $73.33 per barrel at the same time.

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Breaking the News / BU