RTRS: U.S. crude futures drop $2 in choppy trading
NEW YORK (Reuters) - U.S. crude oil futures fell more than $2 Friday in choppy trading as the dollar strengthened against the euro on data showing the U.S. unemployment rate remained steady even as employers cut payrolls at the steepest rate in 5-1/2 years during September.
A stronger dollar usually pressures oil futures, and industry and trading sources said the payroll cuts weighed on oil that was already battered recently by concerns about slumping demand in a slowing economy.
On the New York Mercantile Exchange at 9:27 a.m. EDT, November crude was down $1.67 or 1.78 percent at $92.23 a barrel, trading from $91.30 to $94.89.
(Reporting by Robert Gibbons; Editing by John Picinich)
