Oil falls $3 to lowest in nearly 4 years
Oil fell more than 6 percent on Thursday to its lowest level in nearly four years in response to further bleak economic data that could spell a deeper decline in global energy demand.
The number of U.S. workers on jobless rolls hit a 26-year high last month, the government said, while another report showed U.S. factory orders fell sharply for the third month in a row.
U.S. light crude fell $3.12 to settle at $43.67, the lowest since January5, 2005. London Brent crude fell $3.16 settling at $42.28.
http://www.reuters.com/article/newsOne/idUSTRE49B3...
Oil fell more than 6 percent on Thursday to its lowest level in nearly four years in response to further bleak economic data that could spell a deeper decline in global energy demand.
The number of U.S. workers on jobless rolls hit a 26-year high last month, the government said, while another report showed U.S. factory orders fell sharply for the third month in a row.
U.S. light crude fell $3.12 to settle at $43.67, the lowest since January5, 2005. London Brent crude fell $3.16 settling at $42.28.
http://www.reuters.com/article/newsOne/idUSTRE49B3...
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