08/02/2014 08:44 AST

Crude oil futures turned slightly lower Friday morning, giving back some weekly gains ahead of today's closely watched U.S. jobs report.

U.S. crude for March was down 22 cents at $97.22 a barrel. The March contract briefly touched $99 before pulling back yesterday.

Natural gas edged down 3 percent despite forecasts calling for more snow and cold weather across the northern U.S.

The U.S. Labor Department is scheduled to release its non-farm payrolls report for January at 8:30 am ET. Economists estimate the economy to have added 181,000 jobs in the month, while the jobless rate is estimated to have remained unchanged at 6.7 percent.

A strong jobs report may mean more tightening from the Federal Reserve, which has scaled back the size of its bond-buying plan two months in a row.


RTT News

Ticker Price Volume
QNBK 123.30 103,897
SABIC 100.87 2,504,855
EEC 17.29 463,643
BURUJ 34.50 110,831
SIPCHEM 15.72 1,068,963
PETRORABIGH 13.85 2,037,712
TAWUNIYA 95.40 17,663
(In US Dollar) Change Change(%)
Brent 55.48 0.00 0.00
WTI 49.48 -0.43 -0.86
OPEC Basket 53.81 0.03 0.06
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