After jobs report Oil sinks nearly 3%
Futures fall more than $2 a barrel after the U.S. government says unemployment jumped to 10.2% in October. Oil prices fell almost 3% near $77 a barrel Friday after data showed the U.S. jobless rate jumped to a 26-1/2-year high of 10.2% in October, raising concerns about a potential rebound in fuel demand.
The Labor Department said employers cut 190,000 jobs in October, more than the 175,000 that markets had expected but fewer than the 219,000 lost in September.
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