LONDON - Oil fell to a 16-month low below $100 per barrel on Friday as weak US jobs data, poor manufacturing figures from China and a spiraling euro zone debt crisis deepened worries over the prospects for global economic growth.
Brent crude oil futures tumbled to their lowest since February 2011, down $4.17 to an intra-day low of $97.70, before edging up above $99 by 1400 GMT. The contract lost 14.7 percent in May, its biggest monthly decline since 2008.
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