Oil Climbs 1.5 Percent on Lower U.S. Jobless Claims

Oil and Gas Investing

Bloomberg reported that oil surged 1.5 percent as U.S. jobless claims went down.

Bloomberg reported that oil surged 1.5 percent as U.S. jobless claims went down.

As quoted in the market news:

Crude oil for April delivery gained $1.55, or 1.5 percent, to $107.83 a barrel on the New York Mercantile Exchange, the highest settlement since May 4. Oil has risen 9.9 percent in the past year.

Click here to read the full Bloomberg report.