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Crude oil price closes below $85 a barrel

Business is brisk at this Phillips 66 gasoline station where the price for a gallon of regular unleaded has fallen below $3.00 in Town and Country, Missouri on June 26, 2012. UPIU/Bill Greenblatt
Business is brisk at this Phillips 66 gasoline station where the price for a gallon of regular unleaded has fallen below $3.00 in Town and Country, Missouri on June 26, 2012. UPIU/Bill Greenblatt | License Photo

NEW YORK, July 6 (UPI) -- A weak jobs report sank the price for a barrel of crude oil, which lost $2.77 to close at $84.45 per barrel Friday on the New York Mercantile Exchange.

The U.S. Labor Department reported 80,000 jobs were created in June. The unemployment rate remained unchanged at 8.2 percent.

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Natural gas settled down 17 cents to $2.78 per million British thermal units.

Gasoline dropped 5 cents to end the session at $2.72 a gallon.

Home heating oil shed 6 cents to settle at $2.71 a gallon, its largest one-day percentage decline since June 21. The product was unchanged on the week, however.

At the pump, the national average price of unleaded gasoline gained 2 cents, reaching $3.358 per gallon from Thursday's $3.338, AAA said.

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