Oil Rises on Encouraging US Jobs Report

- August 11th, 2011

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