NYMEX-Crude skids fifth day, posts record weekly loss

* Stronger dollar prompts follow-through oil sell-off

* Non-farm payrolls up, but jobless rate rises to 9 pct

* Speculators reduce NYMEX crude oil net longs - CFTC

* Coming up: API oil stocks data, 4:30 p.m., Tuesday

NEW YORK, May 6 (Reuters) - U.S. crude oil futures slumped for a fifth day on Friday, ending with the biggest weekly loss in dollar terms since oil trading began on the New York Mercantile Exchange in 1983, as a stronger dollar prompted investors to continue trimming oil bets. The extended sell-off in an extremely volatile day snuffed out gains made after early data showed U.S. companies created jobs at the fastest pace in five years last month.

However, the unemployment rate rose to 9 percent, from 8.8 percent, up for the first time in five months. [ID:OAT004799]

Oil demand worries continued to pressure the market, after recent data showed a slowdown in quarterly economic growth and government data midweek which showed gasoline demand down 1.9 percent from a year ago. [EIA/S]

RBOB gasoline and heating oil futures fell also for the fifth straight session and suffered steep weekly losses.

FUNDAMENTALS

* On the New York Mercantile Exchange, crude for June delivery CLM1 settled at $97.18 a barrel, down $2.62, or 2.63 percent, after trading from $94.63 to $102.38.

* For the week, front-month crude CLc1 ended down $16.75, or 14.70 percent, the biggest ever drop for a week in dollar terms. In percentage terms, the week's loss was the biggest since the week to Dec. 19, 2008, when price fell 26.8 percent.

* In London, ICE Brent for June delivery LCOM1 settled at $109.13 a barrel, down $1.67, or 1.51 percent, trading between $105.15 and $113.24.

* For the week, front-month Brent LCOc1 fell $16.76, or 13.3 percent, the biggest weekly loss in dollar terms.

* NYMEX June RBOB RBM1 ended down 0.53 cent, or 0.17 percent at $3.0901 a gallon. For the week, RBOB gasoline dived 37.47 cents, or 10.81 percent, the biggest percentage loss since the week to May 7, 2010, when prices fell 11.32 percent.

* NYMEX June heating oil HOM1 closed 4.12 cents or 1.43 percent lower, at $2.8457 a gallon. For the week, heating oil slumped 41.01 cents, or 12.6 percent, the biggest percentage loss since the week to Dec. 5, 2008, when prices dropped 14.77 percent.

* Goldman Sachs, which in April predicted this week's major correction in oil prices, said oil could surpass recent highs by 2012 due to supply tightness. [ID:nLDE74513V]

* Euro zone central bankers welcomed a plunge in oil and commodities prices, saying it could cool inflation, but gave no sign they would change their determination to tighten monetary policy this year. [ID:nLDE7450UG]

* Syrian tanks deployed in the country's third-largest city Homs and security forces fired on demonstrators in the town of Tel as pro-democracy demonstrations erupted across the country, witnesses said. [ID:nLDE74510L]

* For more news about the Middle East and North Africa, see [ID: nTOPMEAST]

MARKETS NEWS

* In late trading, the dollar was up 0.98 percent against a basket of major currencies. .DXY. The euro posted its biggest weekly loss against the greenback since January on sovereign debt worries. [USD/]

* The strong report on U.S. April payrolls aided a rebound in equities after four days of losses. [.N]

* Silver rose 2 percent, snapping a five-day losing streak while gold rose after the latest U.S. jobs data triggered a broad bounce in beaten-down commodities.

* Copper eked out a modest gain helped by the upbeat U.S. employment report, but prices slid back in after-hours trade as the U.S. dollar extended gains against the dollar. [METL/]

UPCOMING DATA/EVENTS

* U.S. Energy Information Administration's weekly inventory data, Wednesday, 10:30 a.m. EDT (1430 GMT)

SETTLE NET PCT LOW HIGH CURRENT DAY AGO

    SETTLE     NET    PCT     LOW    HIGH  CURRENT  DAY AGO

              CHNG   CHNG                      VOL      VOL
CLc1    97.18   -2.62  -2.6%   94.63  102.38  568,617  670,082
CLc2    97.77   -2.57  -2.6%   95.18  102.93  141,975  144,704
LCOc1  109.13   -1.67  -1.5%  105.15  114.24  412,160  403,813
RBc1   3.0901 -0.0053  -0.2%  2.9856  3.1822   68,399   89,753
RBc2   2.9956 -0.0272  -0.9%  2.9129  3.1036   45,962   48,507
HOc1   2.8457 -0.0412  -1.4%  2.7695  2.9654   75,261   97,060
HOc2   2.8594 -0.0426  -1.5%  2.7885  2.9792   28,948   30,870
TOTAL MARKET            VOLUME                 OPEN  INTEREST

          CURRENT    May 05   30D AVG     May 05  NET CHNG
CRUDE        970,527 1,131,202   588,410  1,653,508   -23,189
RBOB         165,614   188,664   124,060    304,128     2,915
HO           150,910   200,539   110,550    314,173       139

(SOurce: http://www.reuters.com/article/2011/05/06/markets-energy-nymex-idUSN0612590620110506)