Crude Oil Falls, Heads for Weekly Loss After U.S. Jobs Report
This article is for subscribers only.
Crude oil fell below $73 a barrel in New York, heading for its first weekly decline in four weeks, after a U.S. report showed the world’s biggest economy lost jobs for the first time this year.
U.S. payrolls declined by 125,000 last month, the Labor Department said in a report today. Oil may fall next week on growing concern the U.S. economic recovery is faltering, a Bloomberg News survey showed.