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Oil Falls as U.S. Adds Fewer Jobs Than Forecast, Fuel Use Drops

Crude fell after a government report showed that the U.S. added fewer jobs in January than economists forecast, bolstering concern that fuel demand will slip in the world’s biggest oil-consuming country.

Futures dropped 1.7 percent after the Labor Department said employers increased payrolls by 36,000 last month. The number of workers was projected to climb by 146,000, according to the median forecast in a Bloomberg News survey. Gasoline stockpiles rose to the highest level in almost 18 years as demand decreased, according to an Energy Department report on Feb. 2.