The price of oil fell Thursday, giving back part of its sizeable jump the day before, despite improvement in Chinese manufacturing.Benchmark U.S. crude for September delivery was down 16 cents at $102.96 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange.The contract gained delivery gained 73 cents to $103.12 on Wednesday after data released by the Energy Department Wednesday showed a drop in U.S. crude inventories that was more than double what analysts had expected.A manufacturing survey from China showed a rise in factory activity in July to its highest level in 18 months, a …read more
Source: The Jakarta Post
