Crude oil futures lost value Friday after OPEC uncertainty to finalize plans for supply cuts that would help stabilize energy markets, rttnews says.

"We remain deeply optimistic about the possibility that the Algiers agreement will be complemented by precise, decisive action among all producers," said the commentary section of the cartel's monthly magazine, "OPEC Bulletin."

Certain cartel members such as Iran and Iraq have reportedly asked they be exempt from any quotas.

Brent was down to 45$ a barrel after the U.S. jobs report.

Oil fell sharply earlier in the week when the U.S. government said oil inventories skyrocketed by a whopping 14 million barrels.

Gold futures were little changed, clinging to this week's gains after a somewhat disappointing October jobs report.

The economy generated 161,000 jobs last month, slightly short of expectations, according to the Labor Department.

The unemployment rate fell to 4.9%, however, keeping the door open for a Federal Reserve rate hike in December.

Dec. gold was down 10 cents at $1,303.40 an ounce.

Prices rallied this week as Donald J. Trump closed the gap on Hillary R. Clinton just ahead of Tuesday's general election.

Markets have been spooked by the possibility of a protectionist president.

This morning, the New York futures for Brent rose by 0.18% to $ 44.74 and WTI rose by 0.22% to $ 46.45 per barrel. Thus, the black gold is trading in the green zone after Baker Hughes reported that the number of drilling rigs in the US decreased by 2 to 441 last week.

The US presidential candidates Hillary Clinton and D.Tramp have radically different views on energy policy, including the search for oil on federal territory and diplomatic relations with major oil producers.

Also, experts are skeptical about the implementation of OPEC's plans to limit the volume of oil production.

During the negotiations in Algeria, producers from 14 countries agreed to cut production to 32,5-33,0 million barrels/day, but OPEC said it would not make a final decision about this before the official summit in Vienna on November 30th.