Oil futures accelerated their losses Friday after the government reported that nonfarm payrolls fell in January by the largest amount in 34 years. Nonfarm payrolls fell by a seasonally adjusted 598,000 in January after a revised loss of 577,000 in December, the Labor Department reported Friday. It's the largest payroll loss since December 1974. Following the data, crude oil for March delivery fell $1.52, or 3.6%, to $39.65 a barrel in electronic trading on Globex.
