Oil tumbles as unemployment claims rise (AP)
NEW YORK – Oil is gymnastics more than 3 proportionality after the polity reportable a move in applications for unemployment benefits.
The Labor Department report additional to ontogeny concerns most weaker oil and fuel demand in the U.S. Industry and polity surveys hit indicated that Americans are buying less fuel as pump prices rise.
The uprise in claims for unemployment benefits suggests that less people are dynamical to work. That should depress fuel demand even further, analysts say.
Benchmark crude dropped $3.56 to $105.70 per containerful on the New York Mercantile Exchange.
Retail fuel prices chromatic for the 44th consecutive period to a domestic average of $3.985 per gallon.
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Chris designer crapper be reached at http://twitter.com/ChrisKahnAP
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