Data Sends Crude Oil Lower –

European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower.  Crude oil settled at slightly higher than $100 dollars a barrel on Thursday.  This is the first time since February 2009 that Chinese manufacturing has contracted.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-12-01/oil-fluctuates-on-u-s-jobless-claims-rally-in-spanish-french-bonds.html

Jim Sutliff