Oil Dips With Sluggish U.S. Economic Data a Warning for Demand
- U.S. jobless claims rise for the first time in five weeks
- CDC urges Americans not to travel for Thanksgiving holiday
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Oil edged lower with growing virus restrictions and signs the labor-market recovery may be slowing in the U.S. dampens the near-term demand outlook.
Futures fell as much as 1.8% in New York before closing little changed as the dollar erased gains late in the trading session, boosting the appeal for commodities priced in the currency. U.S. equities also staged a rally.