By Alex Lawler LONDON (Reuters) - Oil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in U.S. Federal Reserve stimulus. China's factory activity shrank for the first time in seven months in May, a survey showed. The dollar index hit a three-year high on Wednesday, weighing on commodities denominated in the U.S. currency. Brent crude fell $1.40 to $101.20 a barrel by 1349 GMT and had dropped as far as $101.01, the lowest since May 2. ...
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