Bloomberg News

Crude Oil Extends Drop in as U.S. Payrolls Miss Estimates

June 01, 2012

Crude extended its decline in New York after U.S. payrolls climbed less than forecast last month.

The contract for July delivery slid $3.48, or 4 percent, to $83.05 a barrel in electronic trading on the New York Mercantile Exchange as of 1:31 p.m. London time.

To contact the reporter on this story: Rachel Graham in London at

To contact the editor responsible for this story: Stephen Voss at

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