The price of crude oil slipped below
Benchmark West Texas Intermediate crude moved
U.S. markets were closed Friday for the
Crude fell despite signs the U.S. economy is steadily improving, which typically would increase demand for oil. The U.S. government reported that employers added a strong 288,000 workers to their payrolls in June and the unemployment rate fell to 6.1 per cent.
The positive economic news, however, also strengthened the U.S. dollar, a factor that weighed on oil prices by making crude more expensive — and a less attractive investment — for traders using other currencies.
Oil has been sliding since it reached a 10-month closing high of
On top of that, an agreement in
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