Oil futures traded lower Friday ahead of data that's expected to show that about half a million jobs were lost in the last month. Crude oil for March delivery fell $1.38, or 3.3%, to $39.80 a barrel in electronic trading on Globex. At 8:30 a.m. Eastern, the Labor Department will report on its non-farm payroll estimate for January. "The weakening global economy is pulling down oil prices, despite OPEC's threat of production cuts," said analysts at Action Economics.
