Oil falls about 3% as strong US jobs data prompt interest rate concerns


SINGAPORE, Feb 3 (Reuters): Oil prices fell to over three-week lows at the end of the week in a volatile session, after strong US jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products.

Brent crude futures fell $2.23, or 2.7%, to US$79.94 a barrel, after rising to a session high of US$84.20. It hit a session low of $79.72, its lowest since Jan 11.

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Oil , Prices , Falling , Week ender , US Job Data

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