Oil prices fell due to the weak Chinese manufacturing PMI

Market news

4 May 2015

Oil prices fell due to the weak Chinese manufacturing PMI

Oil prices fell due to the weak Chinese manufacturing PMI. The final Chinese HSBC manicuring PMI was 48.9 in April, down from a preliminary reading of 49.6.

WTI crude oil for June delivery decreased to $58.99 a barrel on the New York Mercantile Exchange. Brent crude oil for June fell to $66.44 a barrel on ICE Futures Europe.

European stocks closed: FTSE 100 Closed CAC 40 5,081.97 +35.48 +0.70% DAX 11,619.85 +165.47 +1.44%

Gold price traded higher after a significant drop on Friday

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