(Bloomberg) -- Crude oil fell after a government
employment report prompted concern that U.S. economic growth will
slow, reducing demand for gasoline and other fuels.
Job growth slowed to 92,000 in July from 126,000 the prior
month, the Labor Department said today in Washington. The jobless
rate rose to 4.6 percent. The U.S. consumes 24 percent of the
world's oil. Economic growth in the U.S. and China has helped
spur the rise in both energy demand and prices.
Read more at Bloomberg Energy News
employment report prompted concern that U.S. economic growth will
slow, reducing demand for gasoline and other fuels.
Job growth slowed to 92,000 in July from 126,000 the prior
month, the Labor Department said today in Washington. The jobless
rate rose to 4.6 percent. The U.S. consumes 24 percent of the
world's oil. Economic growth in the U.S. and China has helped
spur the rise in both energy demand and prices.
Read more at Bloomberg Energy News
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