Oil rebounds on U.S. jobs report, but ends week lower

Oil futures settled higher Friday after the U.S. jobless rate hit a six-year low.

sweet crude for December delivery CLZ4, +0.67% rose 74 cents, or 1%, to settle at $78.65 a barrel on the New York Mercantile Exchange. On the week, however, prices declined 2.4%. It was New York-traded oil sixth straight weekly loss.