WTI Trims Weekly Gain; U.S. Adds Fewer Jobs Than Forecast

West Texas Intermediate crude pared its weekly increase after fewer jobs than forecast were added in the U.S., the world’s largest oil consumer.

Futures dropped as much as 0.7 percent, bringing their gain this week to 1.9 percent. The 162,000 increase in payrolls last month was less than the 185,000 estimated and the smallest advance in four months, Labor Department figures showed today in Washington. Brent earlier exceeded $110 for the first time since April after Libya’s head of oil security quit as labor protests shut export terminals in the country.