Oil up 3 percent as U.S. jobs data hits dollar, down for week

By Barani Krishnan NEW YORK (Reuters) - Oil prices rose 3 percent on Friday as a report showing weaker U.S. jobs growth in August suppressed the dollar, pushing up commodities, but crude futures remained on track for a big weekly loss on glut concerns. U.S. employment growth eased more than expected last month after two straight months of robust gains and wage gains moderated, casting doubts the Federal Reserve Open Market Committee will raise interest rates at its Sept. 20-21 meeting.