Crude Oil Futures Decline as Jobs Data Push U.S. Stocks Lower
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Crude oil fell to the lowest level in three weeks as a U.S. payroll report showed employers added fewer jobs last month than expected, pushing down stocks and other commodities.
Oil dropped 0.4 percent as stocks declined for a second day after the Labor Department said payrolls increased 103,000, compared with the median forecast of 150,000 in a Bloomberg News survey of analysts. Futures rose as much as 1.2 percent earlier as Canadian Natural Resources Ltd. shut its Horizon oil-sands project, curtailing U.S. supplies.