Oil prices managed a gain today but still suffered steep losses week over week, with the largest weekly decline since March. Brent posted a weekly decline of 11% while WTI posted a drop of 8%. US job growth surprised to the upside, far exceeding analysts forecasts and increasing worries of further rate hikes. “Today’s (jobs) number keeps alive the prospect of another rate hike and certainly backs the Federal Reserve’s argument on the need for interest rates to stay higher for longer,” ING analysts said in a note. WTI traded up $.48 to close at $82.79. Brent traded up $.51 to close at $84.58