Reuters | Oil down over 1 percent as dollar jumps on US jobs data Reuters A stronger dollar makes oil and other commodities denominated in the greenback less affordable to holders of the euro and other currencies, typically denting demand for such raw materials. The reverse is the case when the dollar falls. In recent weeks ... Oil futures up slightly ahead of rig count data US oil settles 2.7 pct higher, or $1.10, at $41.93 a barrel Oil Traders See Glimmer of Profit in Hoarding Crude at Sea |