Oil prices decline on weak Chinese data, U.S. pipeline problems - Reuters

Oil prices decline on weak Chinese data, U.S. pipeline problems - Reuters:

Oil prices fell on Thursday after data showed weak factory activity in China, with U.S. crude facing extra pressure after flows out of the Cushing, Oklahoma storage hub were disrupted because of reduced flows on a pipeline.

Brent futures were down 38 cents, or 0.6%, at $60.23 a barrel, while U.S. West Texas Intermediate crude fell 88 cents, or 1.6%, to $54.18.

The front-month Brent contract for December delivery expires on Thursday. Futures for January delivery LCOF0, which will soon be the front-month, fell about 1.0% to settle at $59.62.

For the month, Brent was on track to fall less than 1% and WTI to rise less than 1%.