Oil Rises to 30-Month High on U.S. Jobs Growth, Libya Conflict
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Crude oil climbed to a 30-month high in New York as the U.S. added more jobs than forecast, signaling increased demand, and as fighting intensified in Libya.
Oil rose 1.1 percent after the Labor Department said payrolls advanced by 216,000 workers in March. Economists projected a 190,000 gain, according to a Bloomberg News survey. Libyan rebels have been in retreat for three days as Muammar Qaddafi’s troops regained the initiative after almost two weeks of allied airstrikes.