Oil futures climbed Friday, finding support after U.S. jobs data
showed smaller-than-expected job creation for last month, but also
revealed upward revisions to January and February figures. May crude
CLK4
+0.77%
rose 85 cents, or 0.9%, to settle at $101.14 a barrel on the New York
Mercantile Exchange. "The jobs data was underwhelming, at best, giving
traders further cause to consider that the Fed's accommodation may
extend longer than previously thought," said Casey Clark, senior trading
advisor at Altavest. Tracking the most-active contracts, prices still
lost 0.5% for the week.
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