November 15, 2012 at 18:11 PM EST
Crude Falls As Economy Trumps Mideast Violence
Oil fell Thursday when an increase in weekly jobless data and weak earnings results stoked economic concerns, and the market focused on violence in the Middle East. December U.S. crude oil fell 87 cents to settle at $85.45 a barrel. Pressure came after the release of data that showed weekly jobless benefits claims rose last week, reflecting the impact of late October's Superstorm Sandy, which also damped economic activity in the mid-Atlantic
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