Oil futures tumbled lower today, as the commodity took a hit on data showing that private-sector jobs grew at their slowest pace in seven months. A larger-than-expected increase in domestic crude inventories -- which hit their highest level since September 1990 -- also weighed on black gold. By the close, June-dated crude lopped off 94 cents, or 0.9%, to land at $105.22 a barrel.
Similarly, gold futures tallied their third straight loss, as a stronger dollar held the precious metal in negative territory all day. Gold for June delivery dropped $8.40, or 0.5%, to settle at $1,654 an ounce.
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Recent XIV Action May Bode Well for Bulls
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