NYMEX crude drops 1% on weak US home sales

摘要

New York—NYMEX September crude settled $1.05 lower at $102.07/barrel Thursday, sliding on data that showed US home sales fell sharply in June. The contract fell to a session low of $101.88/b. ICE September Brent settled 96 cents lower at $107.07/b. In products, NYMEX August ULSD settled 45 points lower at $2.8709/gal and August RBOB ended 2.33 cents lower at $2.8368/gal. New sales of US single-family homes dipped 8.1% in June—the largest decline since July 2013—to an annual adjusted rate of 406,000 units. The sales pace in May was revised down to 442,000 units from a previously reported 504,000 units.