Oil pares gains after US data deflates expectations of near term rate cut
Yahoo Finance LONDON – Oil pared gains on Friday as demand concerns intensified after strong U.S. jobs data soured hopes of the Federal Reserve cutting interest rates soon. Brent crude futures edged up 12 cents to $79.99 a barrel while U.S. West Texas Intermediate crude futures rose 28 cents to $75.83 as of 1328 GMT. Data on Friday showed U.S.