Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the COVID-19 pandemic compounded worries about weak oil demand. Brent crude LCOc1, the international benchmark, fell $1.41, or 3.2%, to settle at $42.66 a barrel. U.S. West Texas Intermediate (WTI) CLc1 fell $1.6, or 3.9%, to settle at $39.77 a barrel. Brent fell 5.3% from last week, while WTI lost 7.4%. Prices were pressured by extended declines in the U.S. equities market and by a report showing U.S. job growth slowed further in August as financial assistance from the government ran out. Nonfarm payrolls increased by 1.37 million jobs last month, though employment remained 11.5 million below its pre-pandemic level and the jobless rate was 4.9 percentage points higher than in February. The unemployment rate fell to 8.4% last month, compared […]