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Oil Drops on Speculation Fuel Demand May Falter as U.S. Economy Weakens
May. 30, 2011 11:02AM PST
Resource InvestingBloomberg reported that reports of a weaker US economy caused oil prices to drop.
Bloomberg reported that reports of a weaker US economy caused oil prices to drop.
The market news is quoted as saying:
Futures slipped as much as 1 percent before reports this week that may show U.S. employers hired fewer workers in May and manufacturing cooled.