Oil falls as economic fears weigh against potential crude draw


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve is seen in an aerial photograph over Freeport, Texas By Laura Sanicola (Reuters) - Oil prices fell in thin early Asian trade on Tuesday as the market digests weak economic data from China and expectations of another U.S. interest rate hike. Brent crude fell by 2 cents to $79.29 a barrel by 0021 GMT, while U.S. West Texas Intermediate (WTI) crude fell 2 cents to $75.64. Both benchmarks fell by more than $1 last session. China's manufacturing activity unexpectedly fell in April, official data showed on Sunday, the first contraction since December...