Oil slips below $68 as US jobless rate rises - The Associated Press

By PABLO GORONDI – 13 minutes ago Oil prices slipped below $68 a barrel Thursday as rising unemployment in Europe and the U.S. helped strengthen the dollar and draw investors out of commodities.

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By mid-afternoon in Europe, benchmark crude for August delivery was down $1.64 to $67.67 a barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, it fell 58 cents to settle at $69.31. In the United States a Labor Department report showed the economy lost a larger-than-expected 467,000 jobs in June, with the unemployment rate rising to 9.5 percent from 9.4 percent in May, underscoring concerns about the pace of economic recovery.

Full Story: Oil slips below $68 as US jobless rate rises - The Associated Press