Oil Rises on Encouraging US Jobs Report

Associated Press reports that Oil prices surged on encouraging U.S. jobs market report.

The market news is quoted as saying:

Oil climbed along with the major U.S. stock indexes. Benchmark West Texas Intermediate oil gained 25 cents to $83.14 per barrel in Thursday midday trading on the New York Mercantile Exchange. In London, Brent crude was down 11 cents at $106.57 per barrel on the ICE Futures exchange. It dropped as low as $104.43 per barrel earlier.

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