Oil futures fall for third straight week

Crude-oil futures fell more than 2% on Friday and tallied their third straight weekly loss as a stronger-than-expected U.S. jobs report sent the dollar sharply higher.

Crude for delivery in April CLJ5, -1.93%  settled at $49.61 a barrel, down $1.15, or 2.3%. The contract turned negative just before the nonfarm payrolls figures, then fell further after the numbers came out. News of another weekly drop in the U.S. rig count briefly helped prices pare losses during the session.