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Oil drops below $100 first time since February

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The price of oil dropped below $100 per barrel for the first time since February following a disappointing US jobs report and some signs of a slowing world economy.

 

Benchmark West Texas Intermediate crude fell as low as $97.83 Friday morning before edging back to $98.21 per barrel in New York. Crude prices are down 4.2% for the day. (AP)

 

 

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