MW: Oil seesaws, gold holds to loss after Philly Fed
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures on Thursday turned lower after a report showed manufacturing activity in the Philadelphia area fell to its lowest level in 31 months. Gold futures held to mild losses after the data. Crude for July delivery CL1N +0.14% edged up, adding 4 cents to $94.91 a barrel on the New York Mercantile Exchange. Gold for August delivery GC1Q -0.14% declined $1.10, or 0.1%, to $1,525.20 an ounce on Nymex's Comex division. The Philadelphia Fed's manufacturing index fell from +3.9 in May to -7.7 in June. Economists polled by MarketWatch had forecast a reading of +5.5. The figures come after a negative reading on Wednesday from a similar New York-area gauge.
