MW: Crude oil flip flops after wave of negative data
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures wavered between small gains and losses Thursday after negative news on the macroeconomic front quashed a firmer rebound. Oil for June delivery CLM11 -0.15% inched up 2 cents to $100.17 a barrel on the New York Mercantile Exchange. Before the data, it traded at $100.30 a barrel. April leading economic indicators fell 0.3%, the Conference Board said. Manufacturing conditions in the Philadelphia area fell in May. And existing-home sales declined 0.8% in April, surprising economists who had expected a rise.
