Oil Drops on Signs of a Slowdown; Gulf Workers Return After Tropical Storm


Oil declined for a second day in New York on speculation that slowing economic growth in the U.S. and China will crimp fuel consumption in the world’s two biggest crude users.

Futures fell as much as 2 percent after a Chinese services index published today fell to a record low in August. A report tomorrow may say U.S. service industries grew at the slowest pace in more than a year. Crude also declined as Exxon Mobil Corp. and Royal Dutch Shell Plc returned workers to some oil and natural gas platforms after Tropical Depression Lee moved out of the Gulf of Mexico. London-traded Brent widened its premium to U.S. prices for a second day.

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