Crude Oil Falls as U.S. Service Industries Grow at Slower Pace

Crude oil fell after service industries grew in August at the weakest pace in seven months, bolstering concern that the U.S. economic rebound will slow.

Futures slipped after the Institute for Supply Management’s index of non-manufacturing business, which covers about 90 percent of the economy, fell to 51.5 in August from 54.3 the prior month. It was the smallest gain since January. Prices rose earlier when a government report showed companies in the U.S. added more jobs in August than forecast.