×

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

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 rose and 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