Mon, 01 Oct 2012 11:30:41 GMT
Oil retreated from a 1-week high on contraction of Chinese manufacturing
On Monday, oil retreated from a 1-week
high, as China witnessed an unexpected decrease in its manufacturing
activity, raising speculations that the demand for fuel may fall. On
the NYMEX, November delivery futures lost 93 cents, hitting a
session low of $91.26, and subsequently consolidated at $91.97 by
9:01 a.m. in London.