Oil adds to losses after jobs data

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MarketWatch

Crude-oil futures on Friday extended their losses for a second session, slipping under $85 a barrel as the much-awaited U.S. jobs report disappointed and investors worried about oil demand amid a rough patch for the world economy. “Crude oil was already heading strongly lower on concerns about the global economy, and this report has done nothing to assuage those fears,” said Matt Smith, an analyst with Summit Energy in Kentucky.

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