Oil falls on signs of weak demand

Oil fell on Friday as a weak jobs report dimmed the outlook for energy demand in the U.S., while swelling supplies may grow further after OPEC and allied producers meet over the weekend.

Brent crude futures fell $1.88, or 2.81%, to $65.11 a barrel by 11:08 a.m. CDT (1608 GMT) . U.S. West Texas Intermediate crude dropped $1.94, or 3.06%, to $61.54.

On Wednesday, Reuters reported that the eight members of OPEC will consider raising production further at a meeting on Sunday. U.S. crude inventories rose 2.4 million barrels last week, rather than falling as analysts expected.