Oil prices fell 2% today with a big loss week over week. U.S. government data showed employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested an orderly labor market slowdown that may not warrant a big interest rate cut from the Federal Reserve this month. “The jobs report was a little soft and implied that the economy in the U.S. is on the slide,” Bob Yawger, executive director of energy futures at Mizuho. U.S. crude stockpiles fell by 6.9 MM/bbls last week, compared with a forecasted decline of 993K/bbls. Money managers cut their net long U.S. crude futures and options positions in the week to Sept. 3, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. WTI traded down $1.48 or 2.14% to close at $67.67. Brent traded down $1.63 or -2.24% to close at $71.06.