Oil falls on caution ahead of US labour data

Source: Reuters
Crude futures were traded lower on Friday, as traders wait for the key US jobs data later in the day that could influence the Greenback, as well as commodity prices. Futures for WTI declined 2.15% to $45.92, while Brent futures dropped 2.01% to $49.83 by 07:18 AM GMT. After another week of high volatility, both benchmarks are likely to end near their closing levels booked on last Friday. 

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