Oil up as US jobs data hits dollar; still headed for weekly loss
By Barani Krishnan NEW YORK (Reuters) - Oil prices rose about 2 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 as wage gains moderated, which could rule out an interest rate hike by the Federal Reserve this month. The dollar index, measured agains
Read more »