Oil Falls a Third Day as U.S. Job Losses Spur Demand Concern
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Crude oil fell for a third day after a bigger-than-estimated decrease in U.S. jobs added to evidence the economic recovery is slowing, fanning concern that fuel demand will lag behind supplies.
Futures in New York fell as much as 1.45 percent after a government report showed a drop of 131,000 jobs in July. Crude may also retreat next week, a Bloomberg survey of analysts showed, reversing a 3.7 percent gain in the past five days.