Oil futures traded lower in the first part of the Asian session on Friday before what some critics see as American merchants report the non-farm payrolls in August.
On the New York Mercantile Exchange, crude oil futures for October delivery fell 0.15 % to USD108.21 a barrel in Asian trade Friday. The October contract settled more than 1.06 % to USD108.37 a barrel on Thursday.
Better than expected economic indicators outside manufacturing markets and demand for labor boosted oil wells.
In the U.S. economy on Thursday , the ADP National Employment Report showed that the addition of 176,000 private sector jobs last month , but lost the estimation integrating asking 180,000 new jobs. The July number was revised down from 198,000 to 200,000.
The Labor Department said initial claims for unemployment benefits fell by 9,000 last week to 323,000 . The four-week moving average fell less volatile 3000-328500 , the lowest level since October 2007 . The Department of Labor publishes the August employment report Friday before the opening of U.S. markets.
The Institute for Supply Management said its services index of purchasing managers in August rose to 58.6 % last month from 56.0% in July. It's good for the best reading since the index was created in 2008. Economists expected a reading of 55% in August . The United States is the largest consumer of oil in the world.
Meanwhile , the Administration of the Energy Information Administration said oil inventories fell 1.84 million barrels to 360.2 million weeks past , most of the market called a decrease of 1.26 million barrels. The report was released a day later than usual because U.S. markets were closed for a holiday on Monday.