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Oil falls below $93 on China manufacturing data

By Pamela Sampson
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BANGKOK (AP) — The price of oil fell below $93 on Wednesday after data showed a slowdown in China’s manufacturing growth.

Benchmark oil for June delivery was down 72 cents to $92.74 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.04 to finish at $93.46 per barrel on Tuesday in anticipation of another increase in U.S. crude supplies.

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