Oil prices decline on U.S. pipe disruptions, weak Chinese data
Share:
NEW YORK (Reuters) - Oil prices were nearly 2% lower on Thursday after a leak on a key U.S. pipeline disrupted supply flows and on data showing weak factory activity in China.Brent futures were down 40 cents, or 0.7%, at $60.21 a barrel by 12:08 p.m. EDT (1608 GMT), while U.S. West Texas Intermediate crude fell 94 cents, or 1.7%, to $54.12.The front-month Brent contract for December delivery expires on Thursday. Futures for January delivery were down about 1.1% to $59.53.For the month, Brent..