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- Crude oil increased for a third day
Crude oil increased for a third day
Crude oil increased for a third day in New York after larger-than-forecast U.S. employment growth eased concern that the economy is slowing.
Futures rose as much as 1.7 percent as the Labor Department said payrolls climbed by 103,000 workers in September and 57,000 in August. Oil is headed for the first weekly advance in three as supplies fell and central banks announced stimulus plans.
Crude oil for November delivery rose 1 percent, to $84.00 a barrel on the New York Mercantile Exchange. The contract is heading for a 5.2 percent gain this week. Futures dropped as much as 1 percent to $81.79 before the release of the jobs data.
Brent oil for November settlement gained 9 cents to $105.82 a barrel on the London-based ICE Futures Europe exchange.
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