Oil falls as euro-area services and manufacturing contract

June 5, 2012 16:08 Leave a Comment

Oil Falls as Euro-Area Services, Manufacturing Output Contract

By Moming Zhou – Jun 5, 2012 2:30 PM GMT+0100

http://www.bloomberg.com/news/2012-06-05/oil-falls-as-euro-area-services-manufacturing-output-contract.html

Oil fell as euro-area services and manufacturing output contracted at the fastest pace in almost three years in May.

Crude for July delivery slid 25 cents to $83.73 a barrel at 9:29 a.m. on the New York Mercantile Exchange. Prices are 16 percent lower this year.

Brent oil for July settlement fell 42 cents, or 0.4 percent, to $98.43 a barrel on the London-based ICE Futures Europe exchange.

Share

Related posts:

  1. Crisis Worsens as Euro-area manufacturing and services shrink
  2. Oil fell to the lowest level in almost five months over Greece leaving the Euro
  3. SHRINKING MANUFACTURING HEIGHTENS RECESSION FEARS
  4. Contractions worsen in the Spanish Manufacturing Sector
  5. Heightened Greece fears causes Euro to hit four-mount low
  6. Spain’s Catalonia Region funding Call weakens the Euro
  7. IMF Warns on Economy as G-20 Reject Europe Requests
  8. Eurozone manufacturing decline persists, PMI survey says
  9. Euro has biggest weekly drop on debt crisis
  10. Index of global shipping, Baltic Dry falls to a 25-year-low
  11. Singapore’s economic growth slows as manufacturing dips
  12. China now feeling the Greek Euro Exit Aftershocks
  13. BREAK UP OF THE EURO COULD KNOCK FIFTY PERCENT OFF LONDON HOUSE PRICES
  14. UK finance chiefs fear euro break-up, says Deloitte
  15. 90% Net tumble for Tata Steel as Euro Crisis cuts the demand and prices
  16. Greek Exit weighed by Euro Officials as Euro Weakens
  17. Euro-Region Turmoil caused Gilt Yields Fall
  18. March Industrial Production falls for the Eurozone
  19. Euro-Region Crisis Boosts Treasuries
  20. Asia Crisis-Style Rout risked by Greek Euro Exit claims Zeti

Leave a Reply