Oil prices were lower today posting their third straight weekly loss as investors weighed OPEC+ reassurances against the latest US jobs data that lowered expectations of a looming Fed rate cut. “The jobs report indicated higher rates for longer,” said Andrew Lipow, president of Lipow Oil Associates. “That tends to dampen enthusiasm on the oil market.” The dollar rallied 0.8% to a more than one-week high shortly after the release of the jobs report. Brent was down 2.5% for the week while WTI was down 1.9%. Meanwhile, in China, data showed that although exports grew for a second month in May, crude oil imports fell, signaling demand concerns in the world’s largest crude oil buyer. WTI traded down $.02 to close at $75.53. Brent traded down $.25 to close at $79.62.