Oil slips ahead of US jobs report

MELBOURNE: Oil prices dipped on Friday after posting strong overnight gains on a weaker dollar and a bigger-than-expected fall in US crude stocks and were headed for small gains on the week ahead of a highly anticipated US monthly jobs report.

US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $69.75 a barrel at 0200 GMT, while Brent crude futures fell 13 cents, or 0.2%, to $72.90 a barrel.