NEW YORK • Oil tumbled more than 2 percent Friday, giving up most of its gains for the week after the latest government data showed hiring in the U.S. is at a virtual standstill. The Labor Department said that employers added the fewest jobs in nine months and that the unemployment rate rose to 9.2 percent in June. A slowdown in hiring means that gasoline demand could remain stagnant as fewer workers join the daily commute, and consumers limit driving and trips to the gas station as they watch their spending. Benchmark West Texas Intermediate crude for August delivery gave up $2.47, or 2.5 percent, to settle at $96.20 per barrel on the New York Mercantile Exchange. WTI started the week around $95 a barrel and rose as high as $99.42 during trading Thursday. In London, Brent crude lost 26 cents to settle at $118.33 per barrel on the ICE Futures exchange. Gasoline futures also dropped following the jobs report. The contract for August delivery gave up 3.44 cents to settle at $3.0926 per gallon on the Nymex. Gas prices rose again at the pump again in the U.S. on Friday, reaching a national average $3.594 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular is up 4.4 cents from a week ago. It's still about 39 cents below the three-year high reached in early May. A year ago, drivers paid 87.7 cents per gallon less, on average. Tom Kloza, chief oil analyst for the Oil Price Information Service, is sticking with his summer gasoline forecast for a national average of $3.25 to $3.75 per gallon. He noted that oil is traded around the world, and demand is expected to expand despite sluggish job growth in the U.S. While the U.S. is the world's largest petroleum consumer, demand growth will be driven by motorists, trucking companies and factories in China and India, he said.

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