Brent treads at $114; awaits US jobs data, storms - Reuters

SINGAPORE (Reuters) - Brent crude hovered at $114 a barrel on Friday, on track for its second consecutive weekly gain, as investors eyed key U.S. jobs data for clues on whether the world's largest oil consumer will be able to dodge a recession and leave demand growth intact.

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Weak data may prompt the Federal Reserve to start a fresh round of policy easing at a September 20 meeting. Investors were also watching for potential supply disruption in the Gulf of Mexico as a brewing storm shut nearly 6 percent of output in the key producing region. Front-month Brent fell 16 cents to $114.13 a barrel by 1:01 a.m. EDT. It was on track for a weekly gain of more than 2 percent. U.S. crude was down 16 cents to $88.77 a barrel, but was set for a nearly 4 percent rise this week, its biggest gain since early July.

Brent treads at $114; awaits US jobs data, storms - Reuters