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Oil Drops on Speculation Fuel Demand May Falter as U.S. Economy Weakens
May. 30, 2011 11:02AM PST
Energy 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.
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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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