MW: Crude oil, gold reverse higher after Chicago PMI
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures reversed to gains Wednesday after a report showed manufacturing in the Chicago slipping a tad in June but remaining at relatively high levels. Gold futures, which had held on to losses immediately after the Chicago purchasing managers index came out, also reverted to gains. Crude oil for August delivery added 50 cents, or 0.7%, to $76.43 a barrel. Gold for August delivery advanced 10 cents to $1,242.40 an ounce. The Chicago PMI declined to 59.1 in June from 59.7 in May. Readings over 50% indicate overall business expansion.
