Oil futures climbed on Friday, but the gain did little to pare a big weekly decline as investors shifted their focus away from tightening supplies after signs a surge toward $100 a barrel was destroying demand.
Stronger-than-expected U.S. jobs data released Friday led to expectations for higher interest rates, and a surge in bond yields, with long-term Treasury yields hitting 16-year highs, stoking concern about the economic outlook and prospects for demand.
Price action
Market drivers
“Oil’s…
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