Oil Dropped 56 Cents Over Poor Employment Data Forecast

Bloomberg reported that oil dropped 56 cents on concern over worse-than-forecast employment data.

As quoted in the market news:

Crude for June delivery on the New York Mercantile Exchange fell as much as 56 cents to $104.66 a barrel and was at $105.02 at 1:53 p.m. London time. The contract yesterday slid 94 cents, the most since April 18, to $105.22. Front-month oil has risen 6.3 percent this year.

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