Oil rises on US jobs data

Oil rises on US jobs data
Updated 26 April 2013
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Oil rises on US jobs data

Oil rises on US jobs data

NEW YORK: Oil rose above $ 92 a barrel for the first time in two weeks as the latest data on US unemployment claims suggested job growth may pick up from last month's sluggish pace.
The gain comes a day after oil had its biggest increase of the year.
Benchmark oil for June delivery was up 68 cents to $92.11 a barrel at midday on the New York Mercantile Exchange.
Brent crude, which is used to price oil used by many US refiners, was up 68 cents to $ 102.41 a barrel on the ICE Futures exchange in London.
In other energy futures trading on the Nymex: Gasoline rose 3 cents to $2.78 per gallon. Heating oil added 2 cents to $2.85 a gallon. Natural gas was flat at $4.17 per 1,000 cubic feet.