Oil prices fell today as weakening manufacturing activity in China heightened concerns that the eurozone debt crisis is spreading globally.

ICE Brent January crude fell 90 cents to $108.13 a barrel while US January crude was down $1.35 at $96.86 a barrel.

The HSBC flash manufacturing purchasing managers’ index, the earliest indicator of China’s industrial activity, slumped in November to 48, the lowest since March 2009.

Data showed the US economy also grew slower than expected in the third quarter.

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