Oil falls more than $1 on weak US jobs data

London: Oil fell a dollar on Friday after an unexpected fall in US jobs data heightened fears of a recession in the United States, the world's top oil consumer.

US light crude for April delivery was $1.30 lower at $104.17 a barrel at 1511 GMT. It had hit a new record high of $105.97 on Thursday.

London Brent crude was down 97 cents at $101.64.

Oil prices received support earlier from the falling dollar which slid to new record lows on Friday against the euro and the Swiss franc.