Oil sinks below $100 on economic woes

June 1, 2012 | Filed under: AM Roundup | Posted by:
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Oil fell below $100 a barrel for the first time since October, due to low job reports and issues in Europe.

The Chicago Tribune is reporting that weak economic conditions in China as another reason for the drop in oil prices.

Analysts are saying they believe the market is stabilizing below $100.

Read more at the Chicago Tribune.