Oil plunges to 8-month low below $82 in Europe as weak US jobs report rattles markets

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Oil plunges to 8-month low below $82 in Europe as weak US jobs report rattles markets

Washington Post – The price of oil plunged to eight-month lows below $82 a barrel on Monday as a weak U.S. jobs report sparked a global selloff in stocks and commodities. By early afternoon in Europe, benchmark oil for July delivery was down $1.08 to $82.15 per barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, the contract briefly traded at $81.21, the lowest since October, while on Friday it lost $3.30. Read Article

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