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Bloomberg
Oil eked out a gain as a forecast-topping US jobs report signalled a strong domestic economy to go along with the supply disruptions squeezing global crude markets. Futures in New York rose 0.2 percent, after unemployment unexpectedly fell to a 49-year low in world’s biggest econ- omy, with cooler-than-projected wage gains. Crude nonetheless recorded a loss for the week as investors digested a big surge in American production.
West Texas Intermediate crude for June delivery climbed 13 cents to $61.94 a barrel at the close of trading on the New York Mercantile Exchange. It finished the week down 2.2 percent, the second straight weekly decline after seven straight gains. Brent for July settlement rose 10 cents to $70.85 a barrel on the London-based ICE Futures Europe exchange.