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Crude Oil Surges as US Data Points to Recovering Economy
Feb. 01, 2013 03:26PM PST
Oil and Gas InvestingReuters reported that Brent crude oil went up 1% Friday, and rose 3% for the week, as employment saw higher gains than forecast, based on the figures from the U.S. Department of Labor.
Reuters reported that Brent crude oil went up 1% Friday, and rose 3% for the week, as employment saw higher gains than forecast, based on the figures from the U.S. Department of Labor.
As quoted in the market news:
London’s benchmark Brent crude oil market rose for the third straight week, posting its biggest weekly gain in two months. Brent’s front-month contract settled at $116.76 a barrel, up 1 percent on the day and 3 percent on the week. The session peak was $117.07, which marked a high since September.