Oil Up 3% As US Jobs Data Hits Dollar; Tumbles On Week

NEW YORK, Sept 2 (Reuters) - Oil settled up nearly 3 percent on Friday after a weak U.S. jobs report hurt the dollar and boosted commodities, but crude prices still ended the week sharply lower on concerns about oversupply.

U.S. employment growth eased more than expected in August after two straight months of robust gains, the report showed.

That initially led to doubts that the Federal Reserve would hike interest rates at its Sept. 20-21 meeting. The dollar, however, rose later in the day on bets that a September rate hike remained on the cards.

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