Oil prices fell today and posted a weekly loss as US jobs data shrank the odds of imminent interest rate cuts. Both benchmarks were down 7% on the week. “Prices were chugging along little changed prior to the report, but a huge beat on jobs created is kicking the can down the road for interest rate cuts,” said Matt Smith, analyst at Kpler. Also keeping oil prices lower was an outage at BP’s 435,000 bpd oil refinery in Whiting, Indiana, following a power loss that disrupted operations on Thursday, said Bob Yawger of Mizuho. Power at the refinery had been restored by midday on Friday, but sources said BP had not yet set a date for restarting the plant. WTI traded down $1.54 or -2% to close at $72.28. Brent traded down $1.37 or -1.7% to close at $77.33.