Oil Prices Weaken on Jobless Data - Wall Street Journal

NEW YORK – Crude-oil futures were lower, hovering near $52 a barrel on Friday, after the U.S. Labor Department reported the March unemployment rate was the highest in 25 years.

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The jobless rate hit 8.5%, up from 8.1% in February, but in line with expectations. New unemployment claims rose by 663,000, less than the consensus forecast of 673,000. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.

Full Story: Oil Prices Weaken on Jobless Data - Wall Street Journal