Oil prices dropped on Friday due to a weak U.S. jobs report and potential supply increases from OPEC. Brent crude settled at $65.50, down 2.22%, while U.S. WTI crude finished at $61.87, down 2.54%. U.S. nonfarm payrolls only increased by 22,000 jobs in August, well below expectations. This could lead to pressure on the U.S. Federal Reserve to cut interest rates. OPEC+ may decide to increase production at Sunday’s meeting, potentially causing further price declines. However, supply risks, such as the possibility of sanctions against Russia, could support oil prices.

Read more at Yahoo Finance: Oil prices settle down more than 2% after weak US jobs report