Crude Oil Falls on Concern U.S. Economy to Slow, Reducing Fuel Consumption

(Bloomberg) -- Crude oil fell more than $1 a barrel
after a government employment report prompted concern that U.S.
economic growth will slow, reducing demand for gasoline and other
fuels.

Job growth slowed to 92,000 in July from 126,000 the prior
month, the Labor Department said today in Washington. The jobless
rate rose to 4.6 percent. Economic growth in the U.S. and China
has helped spur the rise in energy demand and fuel prices.
Gasoline, diesel and heating-oil inventories rose last week, a
government report showed on Aug. 1.


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