Baku – APA-Economics. The price of oil dropped Monday after a survey released on the weekend showed a slight deterioration in China's manufacturing, MiamiHerald reported.
Benchmark U.S. crude for March delivery was down 17 cents to $97.32 a barrel at 0600 GMT on the New York Mercantile Exchange. The contract fell 74 cents Friday to close at $97.49 a barrel.
Brent crude, used to set prices for international varieties of crude, was down 9 cents to $106.31 on the ICE exchange in London.