Alberta Tar Sands Seventy-four years after the birth of Curtis Mayfield, and oil prices are struggling to move on up, despite a wilting dollar due to a shocker of a U.S. jobs report. The combo of yesterday’s bearish-tilted OPEC meeting and today’s weak nonfarm payrolls is ushering black gold, Texas tea away from fifty-dollardom once more. Hark, here are five things to consider in oil markets today: 1) Wowee. What an ugly jobs report. Only 38,000 jobs were created last month, well below the consensus of 164,000, and the worst since September 2010. A drop in the unemployment rate to 4.7% was of little (well, no) solace. The expectation of an interest rate hike next week has been well and truly swept off the table, while the likelihood of one coming down the pike next month is waning. 2) In terms of yesterday’s OPEC meeting, much is being made […]