Middle East crude oil for sale to Asia fell on speculation demand will decrease amid signs a recovery in the global economy is faltering. Abu Dhabi’s Murban crude dropped 4.4 percent to $107.14 a barrel, according to data compiled by Bloomberg News. Qatar Marine slumped 4.6 percent to $103.61 a barrel, the data showed. The U.S. added 85,000 jobs last month, leaving the 9.2 percent unemployment rate unchanged, according to economists surveyed before data today that will cap a week of economic reports that showed the recovery is slowing. Italian and Spanish bond yields surged to records yesterday after European Central Bank debt purchases failed to reassure investors that officials will solve the region’s fiscal crisis. Oman crude for immediate loading slid 4.6 percent to $103.15 a barrel, Bloomberg data showed. Dubai oil for delivery in October fell $4.95 to $102.73. Oman futures for October delivery dropped 81 cents to $101.39 a barrel on the Dubai Mercantile Exchange at 5:56 p.m. Singapore time, with 950 contracts traded. The settlement price was $101.32 at 12:30 p.m. in Dubai. The September Brent-Dubai exchange for swaps, which measures the European marker contract against the Persian Gulf grade, fell 32 cents to $5.25 a barrel, according to data from PVM Oil Associates. The exchange for swaps for October slid 27 cents to $4.86. To contact the reporter on this story: Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net.

Source