Oil futures prices slump amid bearish economic, supply data.

摘要

US and UK crude oil prices fell in the week to Dec. 7 amid gloomy economic news from both sides of the Adantic, as well as higher stocks of oil products in the US and ARA. At the start of the period, prices were pressured by a report mat showed an unexpected drop in US manufacturing activity for Nov., as reported by the Institute for Supply Management. The report tempered any bullishness that emerged from another report on the same day that showed China's manufacturing sector had expanded in Nov. According to HSBC data, China's Purchasing Managers' Survey figure increased to 50.5 on the month, compared to 49.5 in Oct.