Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010, as strong U.S. employment data did little to lift the oil market’s bearish mood a day after Saudi Arabia cut official selling prices. Brent and U.S. crude both remained near five-year lows as the market grappled with oversupply due to the U.S. shale boom and the recent decision by the Organization of Petroleum Exporting Countries not to cut production. Prices pared early losses after stronger-than-expected U.S. employment data. November nonfarm payrolls notched their largest increase since Jan 2012, jumping to 321,000 compared with October figures of 243,000. Still, the market remained lackluster and subdued, traders said. “We just had the best economic news come out for some time and the market went nowhere,” said Carl Larry, director of business development consultant for oil […]