Higher U.S. oil reserve data contributed to a Friday decline in the price for West Texas Intermediate crude oil, ignoring good news from the labor market. West Texas Intermediate, the U.S. price benchmark, lost more than 40 cents early Friday to trade at $66.37 per barrel for the January contract. Crude oil prices have continued a steady downward trend at least since June in response to more oil production from U.S. shale and weak economic performance elsewhere in the world. The U.S. Energy Information Administration said Friday domestic proved oil reserves have passed the 36 billion barrel mark for the first time since 1975, a time when U.S. markets were coping with the effects of an export embargo from Arab members of the Organization of Petroleum Exporting Countries. […]