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MAY 01, 2013 - MarketWatch

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Oil futures drop for a second straight session

SAN FRANCISCO (MarketWatch) -- Oil futures closed lower Wednesday as data showing a slowdown in U.S. private-sector jobs growth and weak Chinese manufacturing activity contributed to worries about the outlook for energy demand. U.S. supplies also climbed a lot more than expected last week. June crude settled at $91.03 a barrel on the New York Mercantile Exchange. That was the lowest settlement since April 23. Prices were down $2.43, or 2.6% for the session after falling 1.1% on Tuesday. Oil prices pared some of their losses to recoup the $91 level after the Federal Reserve said it would ... Read More

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