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US Jobs Growth Advances While Brent Crude Nears $107
Dec. 07, 2012 11:17AM PST
Oil and Gas Investing
Brent crude oil traded approaches $107 a barrel on Friday after earlier being supported by a better-than-expected U.S. employment report and expectations of a recovery in Chinese growth.
Brent crude oil traded approaches $107 a barrel on Friday after earlier being supported by a better-than-expected U.S. employment report and expectations of a recovery in Chinese growth.
Highlights from press release:
– Brent crude futures inched 0.1 percent lower at $107 per barrel, after dropping for four straight sessions
– Brent was down about 3.4 percent, still the biggest decline since the week to Nov. 2. U.S. crude futures fell 0.2 percent to $86 a barrel.
– Economic worries about both sides of the Atlantic have curbed investor appetite for riskier assets, putting the Thomson Reuters-Jefferies CRB index, a bellwether for commodities, in negative territory so far this quarter.