2nd Oct 2015 12:43
WASHINGTON (Alliance News) - Crude oil prices were a bit higher Friday morning, but continued to hover near USD45 a barrel after a surprisingly weak US jobs report.
The US economy created just 142,000 new jobs in September, according to the Labor Department, but the unemployment rate held at 5.1% as fewer people were actually looking for work.
Hourly wages were flat on-month, but up 2.2% from a year ago.
The dollar weakened on the news, with traders betting the Federal Reserve will hold off on interest rate hikes.
Crude oil for November was up 45 cents at USD45.10 a barrel.
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