Oil prices in the US declined on Friday following a dip in Chinese manufacturing activity.
Brent oil declined 40 cents at $46.22 a barrel, while the US crude for October delivery was 30 cents lower at $41.02 a barrel, Reuters reported.
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During August, China’s factory activity contracted in almost six-and-a-half years due to sharp decline in domestic and export demand, adding to worries about lower crude consumption in the country.
As US crude declined both global oil benchmarks are near six-and-a-half year lows.
Michael Poulsen at Global Risk Management in Denmark told the news agency: "Weighing on prices is the continued ample supply with crude oil builds in the U.S. and OPEC pumping at record levels.
"Fear of slowing growth in China is increasing."
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By GlobalDataOil prices gained support due to fall in dollar value as expectations of a US interest rate increase in September is dwindling.
A rise in crude imports and a decline in shale production led to an increase in US crude inventories last week, despite falling prices.
