Mubasher: Oil futures settled lower on Friday, amid weak US and Chinese data.
April Nymex WTI lost $0.59, or 1%, to close at $56.076 per barrel, rising 0.5% for the week.
The US Bureau of Labour Statistics (BLS) reported that total payroll employment saw a little change in February, as the unemployment rate edged down to 3.8%.
China posted a sharp decline in its exports during February, aggravating headwinds for the world’s second-biggest economy, as Beijing struggles to rein in a slowdown.
Source:
Mubasher
