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Crude (USO) Sharply Lower as it Takes Cues from Jobs, Inventories

May 4, 2012 9:31 AM EDT
NY crude oil has fallen below $100/barrel for the first time since February. In addition to the weak US jobs numbers, traders are taking cues from crude inventory levels, which rose for the six straight week according to the Energy Information Administration.

The US Oil Fund (NYSE: USO) is down more than 2.4 percent at last check.


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