[New York 1st Reuters]-Crude oil futures in US time fell. A weak US economic indicator cast a shadow on the crude oil demand outlook and pressed the oil price. On the other hand, the Reuters survey, which shows a decrease in oil production by the Organization of Petroleum Exporting Countries (OPEC), supported the lower price.
The clearing price of North Sea Brent futures <LCOc1> is $ 0.36 per barrel = $ 58.89. US WTI Crude Oil Futures <CLc1> is down $ 0.45 to $ 53.62.
The manufacturing industry index in September announced by the American Supply Management Association (ISM) on the 1st was 47.8, a decline from 49.1 the previous month, the lowest level since June 2009. The US-China trade friction has worsened the business sentiment, and concerns over the possibility that the US economy slowed down rapidly in the third quarter.
Trading crude futures rose early. According to a survey by Reuters, the September oil production by the Organization of Petroleum Exporting Countries (OPEC) was 28.9 million barrels a day, down 750,000 barrels from the previous month, the lowest level in 8 years since 2011.