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Oil prices drop as jobs data add to demand worries

AP - 19 minutes ago

NEW YORK - 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.

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The "flare fire" burns at the Basra oil refinery, 2003. Oil prices fell below 105 dollars on concerns over slowing energy demand and a strong US currency, ...

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