Oil prices dipped at the end of the previous week after the latest U.S. jobs report offered a mixed picture of the economy. Oil on the Nymex settled at US$85.9 per barrel in New York, falling for the fourth consecutive day.
US Labor Department said 146,000 jobs were created in November, which was more than economists had anticipated. The unemployment rate fell to 7.7% from 7.9% in October, largely because more people stopped looking for work and were not counted as unemployed. Also job gains for September and October were revised lower.
In another bad sign for energy demand in Europe, Germany's central bank lowered its expectation for economic growth next year.
10-Dec-12 
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