Energy

Oil closes slightly lower, regaining most of an early 3% drop

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The silhouette of an oil pump is seen at sunset.

Pramote Polyamate | Getty Images

Oil prices fell on Thursday, at one point touchig their lowest since early August as U.S. unemployment data fed fears of a slow recovery for the economy and fuel demand a day after weak U.S. gasoline demand data.

Brent crude fell 30 cents, or 0.7%, to $44.13 a barrel. West Texas Intermediate crude futures settled 14 cents, or 0.34%, lower at $41.37 per barrel.

Both benchmarks fell more than 2% earlier in the session.

U.S. stock prices sank as investors sold high-flying tech stocks and worried about economic recovery after Labor Department data showed the number of Americans filing new claims for unemployment…



Source cnbc.com

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