Oil prices tumble after US unemployment report
By Associated Press
Friday, November 6, 2009 -
Friday, November 6, 2009 -
NEW YORK — Oil prices tumbled today after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983.
Benchmark crude for December delivery gave up $2.74 to trade at $76.88 a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery shed $2.63 at $75.36 on the ICE Futures exchange.
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