Brent Oil Advances on Upbeat US Job Market Data

Feb. 28, 2013 01:48PM PST

Reuters reported that Brent oil advanced Thursday as better-than-expected US labor market data suggest higher demand for oil although it is still heading for the biggest monthly decline in four months.

As quoted in the market news:

Brent crude for April delivery gained 34 cents to $112.21 a barrel by 1:22 p.m. EST (1822 GMT), having earlier risen to $112.57. It fell to a low of $111.65 on Wednesday, its weakest since Jan. 22.

Click here to read the full Reuters report.