Crude Oil Tumbles, Capping Worst Week in Six, on Retail Sales

Crude oil fell, capping its worst week in six, after sales at U.S. retailers rose less than forecast in July, a sign that economic growth is slowing.

Oil dropped to a one-month low as a lack of jobs prompted Americans to hold back on spending, according to figures from the Commerce Department. U.S. gasoline inventories increased for a seventh week last week, the government said on Aug. 11.