• Oil headed for a third day of gains — putting crude on course for a weekly advance — as US jobs data supported the case for Federal Reserve rate cuts this year, buoying risk assets.
  • West Texas Intermediate rose toward $80 a barrel, with the US crude benchmark about 2% higher this week after holding above the 100-day moving average. Initial applications for US unemployment benefits increased to the highest level since August, supporting the case for looser monetary policy. The dollar slipped on Thursday, making commodities more attractive for most buyers.