Oil Futures On Track For Weekly Losses

Oil futures teetered between small losses and gains Friday, on track to end around 3% lower for the week, as traders considered the latest data on U.S. nonfarm payrolls and consumer feelings  for hints on prospects for oil demand.

As quoted in market news:

Crude oil swung wildly into the positive territory after a much stronger-than-expected jobs report. However, October’s number was revised lower and that took some gloss off of an otherwise robust jobs report.

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