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Oil drops below $100 first time since February

The price of oil dropped below $100 per barrel for the first time since February following a disappointing U.S. 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… Continue Reading Oil drops below $100 first time since February

State unemployment rate holds steady

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Colorado employers added 2,600 jobs from February to March, bringing the total number of jobs to 2.29 million. All the new jobs were in the private sector, according to information from the Colorado Department of Labor and Employment. According to the survey of households, the unemployment rate was unchanged over the month at 7.8 percent.… Continue Reading State unemployment rate holds steady

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Oil fell below $94 per barrel Tuesday as investors continued to worry about weaker economic growth. Benchmark West Texas Intermediate crude for September delivery was 74 cents lower, at $94.15 per barrel in morning trading on the New York Mercantile Exchange. Earlier, it was as low as $93.75. Brent crude, which is used to price… Continue Reading Oil slides under $94 on concerns of weak economy

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