cheapbag214s
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 Posted: Sat 18:25, 02 Nov 2013 Post subject: 000 -- were less than expected |
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NYMEX crude slips for second consecutive session [UPDATE]
NEW YORK, Oct. 22 () -- Crude oil prices dropped to less than $98 per barrel Tuesday in New York after the Labor Department said the unemployment rate dropped to 7.2 percent.Following a 17-day U.S. government shutdown of non-essential services, the Labor Department's report, which was originally set for an Oct. 4 release, was the first major economic report to be released since the government went back to work.The jobs added for the month -- 148,[url=http://www.christianalouboutin.co.uk]christian louboutin Uk[/url],000 -- were less than expected, prompting investors to conclude the U.S. Federal Reserve would have reason to continue with its $85 billion per month asset purchasing program.On the New York Mercantile Exchange, West Texas Intermediate crude oil gave up $1.42 cents to $97.80 per barrel. Reformulated blendstock gasoline prices shed 3.43 cents to $2.6195 per gallon. Home heating oil lost 1.36 cents to $2.997 per gallon. Natural gas was off 7 cents to $3.59 per million British thermal units.At the pump, the national average price of unleaded gasoline dropped to $3.344 per gallon from Monday's $3.349, AAA's Daily Fuel Gauge Report said.
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