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CORRECTED-U.S. crude settles 4 pct lower on economic growth concerns

Wednesday, 3 Oct 2012 | 5:12 PM ET

(Corrects lead to show U.S. crude stocks fell, not rose in)

NEW YORK, Oct 3 (Reuters) - U.S. crude futures fell 4 percent on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth, even after data showed U.S. crude stocks fel l an d other supportive U.S. data strengthened the dollar.

U.S. November crude fell $3.75, or 4.08 percent, to settle at $88.14 a barrel, below the 100-day moving average of $89.99 and after having dropped to $88.04, the lowest since prices fell to $87.23 on Aug. 3. The slide was the biggest one-day percentage drop since June 21.

(Reporting by Robert Gibbons; Editing by Gerald E. McCormick)

((robert.gibbons@thomsonreuters.com)(+1 646 223 6059)(Reuters Messaging: robert.gibbons.reuters.com@reuters.net))

Keywords: ENERGY CRUDE/FUTURES