Crude Edges Lower, and Could Face Short-term Headwinds

Crude oil prices moved lower on Friday and are holding just above support levels as the in-line job report released by the Department of Labor helped buoy prices.  The recent uptick in prices will likely bring back a number of US fracking producers and when combined with non-US producer’s still generating supply, prices could face immediate headwinds.

U.S. nonfarm payrolls rose 223k in April, with…