Oil prices fell sharply Friday as the dollar climbed in reaction to strong U.S. jobs data and a report on domestic drilling activity disappointed the market. Light, sweet crude traded on the New York Mercantile Exchange, the U.S. benchmark, turned negative early in the session as the dollar climbed, followed later by global Brent futures. The drop accelerated after a weekly report on U.S. drilling activity was released but regained some ground into the close. Though the oil market has stabilized after a steep selloff between June and January, analysts say fundamentals remain weak with continued supply growth and slower-than-expected demand. The international market has rebounded more strongly than the domestic one as supply interruptions in Libya and Iraq have brought a measure of balance back into the global market; still, both leading contracts lost ground for the week, with the U.S. benchmark declining for the third week in […]