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Summary Crude oil price fell in the world markets as US Labor Department reported the economy added fewer jobs in January, bolstering concern about fuel demand drop in the country
Crude oil price plummeted as US Labor Department reported the economy added fewer jobs in January than economists forecast, bolstering concern about fuel demand drop in the worlds biggest oil-consuming country. The report showed, although the unemployment rate last month dropped to 9.0 percent, the lowest level in nearly two years, the nonfarm payrolls increased only 36,000, far below economists median forecast of 146,000. Light, sweet crude for March delivery fell 1.51 dollars, or 1. 67 percent to 89.03 dollars a barrel on the New York Mercantile Exchange.
