NYMEX-Crude slips as China manufacturing cools

                                
 SINGAPORE, Aug. 2 (Reuters) - Oil futures slipped from near
12-week highs after China's manufacturing sector cooled further
last month and the U.S. economy slowed in the second quarter,
and traders expect trading to remain rangebound.
                                
 U.S. September crude <CLc1> shed 10 cents to $78.85 a
barrel at 2314 GMT, while ICE Brent <LCOc1> was unchanged at
$78.18.
                                
 Attention this week will remain on economic data from the
world's top two oil consumers, the United States and China, for
further indications about energy demand growth.
                                
 A forming tropical cyclone in the mid-Atlantic lent support
to oil prices as the hurricane season enters what in recent
years has been a period of peak activity between August and
early October.
                                
 FUNDAMENTALS
                                
 * Front-month U.S. crude on Friday rose 59 cents to $78.95,
capping a 4.35 percent gain for July, shrugging off earlier
concerns about the pace of economic growth amid mixed
macroeconomic indicators and lifted by a late rally in
commodities and refined products futures as August contracts
expired. [ID:nSGE66T06J]
                                
 * China's official purchasing managers' index (PMI) fell to
a 17-month low in July of 51.2 from 52.1 in June, the China
Federation of Logistics and Purchasing (CFLP) said on Sunday.
The PMI is designed to provide a timely snapshot of business
conditions and a figure above 50 indicates expansion.
[ID:nTOE670008]
                                
 * U.S. gross domestic product expanded at a 2.4 percent
annual rate, compared to expectations for growth of 2.5
percent, after a revised 3.7 percent growth pace in the first
quarter.
                                
 * A tropical depression may be forming in the mid-Atlantic,
the U.S. National Hurricane Center (NHC) said late on Sunday,
assigning an 80 percent likelihood that the system may become a
tropical cyclone within the next 48 hours.
                                
 MARKETS NEWS
                                
 * Wheat closed up 5.4 percent on Friday, capping its best
month since at least 1959 and outperforming the rest of the
commodity complex in July, as a drought around the Black Sea
hit crops in a key global supply region. [ID:nN30179807]
                                
 * Global stocks and the U.S. dollar slid on Friday as
investors trimmed risk exposure on data showing the U.S.
economy slowing a bit more than expected even as other news
suggested a slow, steady recovery. [MKTS/GLOB]
                                
 DATA/EVENTS
                                
 * The following data is expected on Monday:
                                
 - Eurozone Markit manufacturing PMI, July
                                
 - U.S. construction spending, June
                                
 - U.S. ISM manufacturing PMI, July
                                
 RELATED NEWS
                                
 * BP Plc <BP.L><BP.N> could start plugging its broken
deepsea oil well in the Gulf of Mexico on Monday night, more
than three months after its rupture led to the worst offshore
oil spill in U.S. history. [ID:nN01205078]
                                
(Reporting by Alejandro Barbajosa; Editing by Kazunori
Takada) ((alejandro.barbajosa@thomsonreuters.com; + 65 6870
3958; Reuters messaging:
alejandro.barbajosa.thomsonreuters.com@reuters.net))
                                
                   RECENT CRUDE OIL TRADES
                                
 Asia...[ACRU/T]      Europe...[CRU/T]   Americas...[CRU/TU]
                                
                    CRUDE OIL MARKET NEWS
                                
 Crude oil tenders in Asia.........[CRU/TENDA]
                                
 Crude oil supply outages in
Asia............[CRU/OUT-ASIA-O]
                                
 Refinery outages in Asia.....[REF/OUT-ASIA-O]
                                
 Global arbitrage news and flows..[O/CRUDEARB]
                                
 W.African crude imports to Asia,
monthly........[O/WAFRICA1]
                                
                 REFINERY MAINTENANCE DIARIES
                                
 Asia...[REF/A]     Middle East...[REF/ME]  Europe...[REF/E]
                                
                    NATIONAL CRUDE IMPORT DATA
                                
 Japan..............<METI/JP1> 
China..............[O/CHINA1]
                                
 India..............[O/INDIA2] 
S.Korea............[O/KOREA1]
                                
 Indonesia.......[O/INDO1-CRU]
                                
                    CRUDE OIL INVENTORY DATA
                                
 Japan...[O/JAPAN1]     US...[EIA/S]    Europe...[O/EUROIL1]
                                
                 CRUDE OIL PRODUCTION/OILFIELD NEWS
                                
 OPEC output survey...[OPEC/O]   New Asian
fields...[ASIA/NEW]
                                
 New Africa fields...[AFR/NEW]   New Europe
fields..[NSEA/NEW]
                                
 New Americas fields..[AM/NEW]   New
projects.....[ENERGY/NEW]
                                
                    CRUDE OIL MARKET REPORTS
                                
 Middle East...........[CRU/M]  Asia-Pacific........[CRU/AP]
                                
 West Africa.........[CRU/WAF]   North
Sea............[CRU/E]
                                
 Asia outlook.......[ASIA/CRU]   Europe
outlook.....[EUR/CRU]
                                
 Global futures report...[O/R]   Technicals
report......[O/I]
                                
                         PRICES
                                
 For all Official Selling Prices.......[OSP/O]
                                
 For a POLL on oil prices.............[O/POLL]
                                
 NYMEX and ICE oil futures............<OILOIL>
                                
 TOCOM crude oil futures..............<0#JCO:>
                                
 Dubai, Oman swaps and
spread...............<ASIA/SWAP/CRUDE>
                                
 Middle East physical crude
diffs...............<CRUDE/ASIA2>
                                
 Australia physical crude, Tapis
swaps..........<CRUDE/ASIA1>
                                
 Asia-Pacific physical crude.....<CRUDE/ASIA3>
                                
 All Asian crude oil differentials.<0#C-DIF-A>
                                
 All Asian crude oil outright prices...<0#C-A>