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NYMEX crude weaker in Asia as investors look ahead to U.S. jobs report

© Reuters. NYMEX crude weaker in Asia

Investing.com - Crude oil prices eased in Asia on Friday with the stage set for a key piece of the U.S. data puzzle to set the tone for the September Federal Reserve review on interest rates.

Investors were looking ahead to Friday's highly-anticipated jobs report for further indications on the strength of the economy and signs of a potential rate hike by the Federal Reserve this month.

On the New York Mercantile Exchange, WTI crude for October delivery traded down 0.24% to $46.64 a barrel.

Overnight, U.S. crude futures inched up in spite of a stronger dollar on Thursday, even as Russian and Venezuelan leaders accomplished little headway in crafting a strategy to boost crashing oil prices.

After experiencing one of its most volatile stretches since the turn of the century, Texas Long Sweet futures are showing some signs of stabilizing. Since closing near $45 a barrel on Tuesday, WTI crude has posted modest gains over the last two sessions. Previously, WTI closed more than 6% in either a positive or negative direction on four consecutive trading days. It...


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