Oil Futures On Track For Weekly Losses

- December 7th, 2012

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.

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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