The price of crude oil slipped for a seventh straight day Friday as expectations of increased supply offset strong U.S. employment growth.
Benchmark U.S. crude for August delivery was down
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 288,000 workers to their payrolls in June and the unemployment rate fell to 6.1 percent. The U.S. economy is now creating about 231,000 jobs each month in 2014, compared to roughly 194,000 a month last year.
Oil, however, has continued to fall as possible disruptions to supplies from
On top of that, an agreement in
In recent weeks, oil prices were largely driven by concerns that violence in
Brent crude, a benchmark for international oils, was up
In other energy futures trading on the
— Wholesale gasoline was down
— Natural gas rose
— Heating oil fell
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