Oil rose

West Texas Intermediate rose from an eight-month low as a worse-than-expected jobs report reduced concern that the Federal Reserve will further pare bond-buying.

Futures gained as much as 1.9 percent, trimming a second weekly decline. Payrolls increased in December at the slowest pace since January 2011 and the unemployment rate dropped as more people left the labor force. Prices also gained as China’s crude imports climbed to a record and on speculation that recent declines in prices were excessive. WTI had dropped in seven of the past eight days, tumbling 8.6 percent.

WTI for February delivery climbed 66 cents, or 0.7 percent, to $92.32 a barrel at 10:46 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 39 percent above the 100-day average. Prices are down 1.7 percent this week.

Brent for February settlement slipped 8 cents to $106.31 a barrel on the London-based ICE Futures Europe exchange. Volume was 12 percent above the 100-day average. The European benchmark was at a premium of $13.99 to WTI, compared with $14.73 yesterday.