Oil edges up amid brutal week of losses, markets await US jobs data

Crude oil prices saw a slight rise after a significant weekly drop, with WTI crude trading at $82.72 per barrel and Brent at $84.41. The decline was due to decreased US fuel demand post-summer, with gasoline consumption at a 25-year low and a surge in gasoline stockpiles. Additionally, concerns about rising US Treasury yields and the dollar affecting international crude demand contributed to the price drop. The market awaits the September US jobs data for further direction, with the Federal Reserve considering interest rate decisions based on inflation and economic data.

Original article: Oil edges up amid brutal week of losses, markets await US jobs data