FXstreet.com (Córdoba) - Crude oil in New York fell back below $95 a barrel, weighed down by a report showing that China manufacturing production grew at its slowest pace in 28 months in June, what fueled concerns about global energy demand.
Crude for August delivery fell as much as $0.94 or 0.99% to $94.16 a barrel and currently is at $94.40. Prices dropped 7.9% in June but rose 3.5% this week.
Oil retreated from 3-week highs at the $95.80 price region reached on Wednesday and Thursday amid widespread risk appetite after Greek parliament passed final details of an austerity plan, easing concerns about contagion in the euro zone.
Brent for August delivery also retreated to near $111.15 a barrel, where it records a 0.75% loss on Friday.
