The seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers' Index (PMI) registered 50.6 in May, down from 52.6 in April, marking the lowest level since September 2009, data from the research firm showed on Thursday.
Disappointing manufacturing data and lingering global trade tensions led to investors' concerns over slow global economic growth and less crude demand.
The West Texas Intermediate for July delivery declined 3.51 U.S. dollars to settle at 57.91 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery decreased 3.23 dollars to close at 67.76 dollars a barrel on the London ICE Futures Exchange.
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