Oil Falls to Six-Month Low on Europe Concern, U.S. Data

Oil fell to a six-month low as investors speculated Spanish banks may have their credit ratings lowered and an American gauge of manufacturing trailed projections, bolstering concern that economic growth will slow.

Futures retreated 0.3 percent after two people with knowledge of the situation said that Moody’s Investors Service will cut the Spanish ratings. The Federal Reserve Bank of Philadelphia’s general economic index shrank. Crude in New York rose earlier as Enbridge Inc. and Enterprise Products Partners LP prepared to reverse flows on the Seaway pipeline.