Fri, 26 Jul 2013 11:39:06 GMT
WTI crude falls amid rising supply and China's manufacturing cuts
WTI had its first weekly decline in a month on growing crude supply in the U.S. and amid speculation of declining demand as China cuts excess production capacity. Settlement for September decreased 0.8% to $104.61, reaching weekly drop of 3.1%. In order to ensure more sustainable economic growth, China ordered 1.4 thousand companies to cut excess capacity.