Chinese
factory
output
expanded
in
June
at
its
lowest
pace
in
28
months,
a
survey
showed,
indicating
the
world's
second-largest
economy
is
feeling
the
pinch
of
monetary
policy
tightening
and
slack
global
demand.
ICE
Brent
crude
fell
81
cents
to
$111.67
a
barrel
after
falling
nearly
$1
earlier.
Brent
is
on
track
to
post
its
first
weekly
rise
in
a
month.
US
crude
was
at
$94.82
a
barrel,
down
60
cents.
CMC
Markets
analyst
Ben
Le
Brun
said
the
data
hinted
at
a
recurring
theme
in
China.
“Manufacturing
continues
to
slow
but
it
is…
Oil slips as China manufacturing slows