Oil Falls to Eight-Month Low on Unemployment Rates

Crude fell to the lowest level in almost eight months as employment reports in the U.S. and the euro area signaled fuel demand may tumble.

Oil dropped 3.8 percent after the Labor Department said American employers added the fewest workers in a year in May. The euro region’s jobless rate reached a record high, the European Union’s statistics office in Luxembourg said. Brent dropped below $100 for the first time since October.