Bad economic news a drag on oil prices
Associated Press Writer
Rising U.S. jobless claims and a slump in new home construction pushed oil prices lower Jan. 22 on fears that crude demand in the world’s largest economy will soften further.
Some positive earnings reports from U.S. companies and hopes of a fiscal stimulus plan by President Barack Obama had seen oil....
[additional news subjects in this story]
Jobless claims up
Crude inventories up
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