Oil Prices Rise as Weak US Jobs Data and Middle East Tensions Boost Market Sentiment

Crude Oil Rebounds as Dollar WeakensOil prices moved higher on Friday, recovering part of their recent losses after weaker-than-expected US employment data weighed on the US dollar and improved sentiment across commodity markets.The softer labor market figures eased expectations of additional near-term interest rate increases in the United States, making dollar-priced commodities such as crude …