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Bloomberg reports that oil dropped to the lowest level as data showed slow U.S. consumer spending.
Bloomberg reports that oil dropped to the lowest level as data showed slow U.S. consumer spending.
The market news is quoted as saying:
Crude dropped 0.6 percent after a U.S. report showed consumer spending was little changed last month, raising concern that a slowing U.S. economy will reduce energy demand.
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| Commodities | |||
|---|---|---|---|
| Gold | 2344.53 | +0.88 | |
| Silver | 27.94 | +0.01 | |
| Copper | 4.32 | +0.06 | |
| Oil | 85.45 | -0.14 | |
| Heating Oil | 2.68 | +0.02 | |
| Natural Gas | 1.77 | +0.01 | |
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