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Why Linn Energy (LINE) Stock Closed Down Today

NEW YORK (TheStreet) -- Shares of Linn Energy (LINE - Get Report) fell 8.6% to close at $2.55 on Friday as oil prices fell after the U.S. October jobs report helped strengthen the dollar.

WTI crude oil for December delivery was down 1.75% to $44.41 a barrel on Friday afternoon, and Brent crude oil for December delivery was down 0.85% to $47.57 a barrel.

In its monthly report, the Labor Department said that U.S. nonfarm payrolls grew by 271,000 jobs in October. The increase helped the dollar hit six and a half month highs against a basket of currencies, according to Reuters.

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Oil is priced in...