Reuters
reported
the
HSBC
flash
purchasing
managers'
index
(PMI)
for
February
slipping
to
50.4,
down
from
the
previous
month's
final
reading
of
52.3
-
the
best
since
January
2011.
Further
losses
on
Brent
were
stemmed
as
investors
waited
on
Italy’s
election
results.
Front-month
Brent
slipped
18
cents
to
$113.92
a
barrel
by
Monday
morning,
after
settling
0.5%
higher
on
Friday.
US
oil
declined
11
cents
to
$93.02,
after
ending
29
cents
up
at
the
end
of
last
week.
"The
reason
for
the
decline
this
morning
is
the
China
PMI
numbers,
but
prices
have…
Brent slips below $114 ahead of Italy’s election results