Oil prices drop as jobs data add to demand worries - Oil prices sank below $106 a barrel Friday as a jump in the U.S. unemployment rate signaled to traders that Americans might keep paring back their energy use to save money.The Labor Department said the economy lost jobs in August for the eighth consecutive month—and at a faster-than-expected pace. The unemployment rate spiked to 6.1 percent from 5.7 percent in July, above the 5.8 percent rate that analysts forecast.
From
cjdusa
