NYMEX oil falls on US and China economics

摘要

New York—Crude futures settled sharply lower June 1 on a weaker-than-expected US jobs report and a slowdown in Chinese growth, while equity indexes also plunged. NYMEX July crude futures settled $3.30 lower at $83.23/b after falling to $82.29/b, the front-month contract’s lowest level since October 7, 2011. NYMEX July heating oil settled at $2.6279/gal, down 7.53 cents, while RBOB settled at $2.6568/gal, down 6.59 cents.