MSN: U.S. crude reverses, drops $1 in volatile trading
NEW YORK, May 7 (Reuters) - U.S. crude oil futures reversed and fell $1 on Friday as concerns about Greece's fiscal problems spreading and uncertainty after Wednesday's volatile moves by the stock market offset a positive U.S. nonfarm payrolls report.
Trading seesawed after the government reported U.S. April nonfarm payrolls rose 290,000 April and with February's report revised to show a jobs gain, marked the third month the economy added jobs.
Analysts surveyed by Reuters had expected the report to show 200,000 jobs added last month.
On the New York Mercantile Exchange at 9:34 a.m. EDT (1334 GMT), June crude was down 54 cents, or 0.7 percent, at $76.57 a barrel, trading from $76.10 to $78.19. (Reporting by Robert Gibbons; Editing by John Picinich)
