The price of oil rose Friday as a report showed a big gain in new jobs in the U.S. But gains were tempered by ongoing concerns about record oil supplies. Prices fell below $100 earlier in the week, mostly due to a surge in U.S. supplies of crude oil, which rose to a record 399.4 million barrels, according to the Energy Department. The Labor Department said U.S employers added 288,000 jobs in April, the most in two years. The unemployment rate fell to 6.3 percent, its lowest level since September 2008. “The report may represent some catch-up from the hit the economy apparently took over the brutal winter months,” said the Kilduff Report edited by Michael Fitzpatrick. At the gas pump, the average price for a gallon of gasoline slipped 1 cent to $3.68. That’s 12 cents higher than a month ago and 15 cents above where it was […]