Oil prices ticked lower Monday on a stronger dollar and weak Chinese manufacturing data. Light, sweet crude for June delivery settled down 22 cents, or 0.4%, at $58.93 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell a penny to $66.45 a barrel on ICE Futures Europe. The WSJ Dollar Index, which tracks the dollar against a basket of other currencies, recently rose 0.2%. A stronger dollar makes oil—which is traded in dollars—more expensive to buyers using foreign currencies. China’s manufacturing sector posted its weakest performance in a year in April, according to the widely watched HSBC Purchasing Managers Index. China is the second-largest oil-consuming nation, behind the U.S. China’s oil demand grew by 7.7% in the first quarter compared with the year before, the biggest quarterly increase since 2012, according to Barclays. But “we think the slowing economy will continue to affect demand […]