Published: Sept. 5, 2012 at 5:25 PM
NEW YORK, Sept. 5 (UPI) -- Crude oil prices held under $96 a barrel Wednesday, with prices undercut by a string of weak manufacturing data.
The Institute of Supply Management said Tuesday U.S. manufacturing declined for a third month in August. On Wednesday, Markit said the Purchasing Managers Index for Europe fell in August from 47.5 percent to 47.2 percent.
Traders also learned Wednesday China's PMI for service-oriented businesses dropped to a 12-month low.
On the New York Mercantile Exchange, West Texas Intermediate crude oil for October delivery closed at $95.52 on a late gain of 22 cents. Natural gas added 0.1 cent to $2.796 per million British thermal units.
Home heating oil gained 1.24 cents to $3.13 per gallon. Reformulated blendstock gasoline added 1.37 cents to $2.9635 per gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was unchanged at $3.824 per gallon Wednesday, AAA reported.
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