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MAY 01, 2013 - San Francisco Chronicle

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Oil sinks on China manufacturing and US supplies

Oil sinks on China manufacturing and US supplies Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 2:56 pm, Wednesday, May 1, 2013 NEW YORK (AP) — The price of oil dropped more than 2 percent Wednesday, following disappointing economic news from the world's two biggest oil-consuming nations and a large increase in U.S. crude supplies. While the market was digesting the economic news, the Energy Department said U.S. crude inventories expanded by 6.7 ... Read More

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