Oil slips on weak China data; gas price on decline

Published May 5, 2014 8:56pm ET



The price of oil fell slightly Monday, after a report showed a fourth month of contraction in China’s manufacturing sector.

Benchmark U.S. crude for June delivery fell 28 cents to close at $99.48 a barrel. Brent crude, a benchmark for international varieties of oil, dropped 87 cents to $107.72 on the ICE Futures exchange in London.

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