Bloomberg News

Oil Extends Decline After U.S. Payrolls Misses Estimates

July 06, 2012

Oil extended its decline in New York, paring a second weekly gain, after the U.S. added fewer jobs than forecast last month. Crude was down 2.3 percent at $85.26 on the New York Mercantile Exchange at 1:32 p.m. London time.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: John Buckley at johnbuckley@bloomberg.net


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