Oil Continues to Fall on Growth Concerns
Oil fell for a fifth trading day Monday, dropping more than $2 to just over $81 a barrel on concerns about economic growth in the U.S. and China, Bloomberg reported.
Crude futures fall $2.02 to $81.21 in pre-market New York Mercantile Exchange trading, Bloomberg said.
Oil finished Friday at $83.23 a barrel, the lowest Nymex closing price in 10 months.
The concerns were spurred in part from a weak jobs report on Friday that showed fewer added jobs than forecast and an uptick in the unemployment rate to 8.2%.
Diesel pump prices have declined for seven straight weeks and gasoline for eight. The Department of Energy will release its weekly survey of fuel prices Monday afternoon in Washington.
