Bloomberg News

Crude Oil Slips in New York, Erasing Earlier Gain After U.S. Jobs Report

March 09, 2012

Crude oil erased earlier gains on the New York Mercantile Exchange, where the April contract was down 24 cents at $106.34 a barrel at 1:55 p.m. London time, after rising as much as 0.8 percent to $107.42.

The contract gave up gains as the dollar strengthened following a report that showed employers in the U.S. boosted payrolls more than forecast in February while the jobless rate held steady at a three-year low.

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