Crude oil priced edged higher Friday morning ahead of a closely watched U.S. jobs report that could shed light on whether the Federal Reserve raises interest rates in December.
Economists forecast a 180,000 increase in new jobs last month, following smaller jobs growth in August and September.
U.S. WTI crude oil for December was up 10 cents at $45.20 a barrel, on pace for a modest weekly gain despite rising inventories and signs of weak global demand.
The supply glut is unlikely to be resolved anytime soon. OPEC is unwilling to cut production unless non-OPEC rivals do likewise, according to reports.
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