Oil Climbs to 30-Month High on Demand Outlook After U.S. Jobs

Oil climbed for a third day in New York as signs of a strengthening U.S. economy stoked bets fuel demand will rise in the world’s largest crude user.

Futures advanced as much as 0.7 percent to a 30-month high after an April 1 report showed the U.S. added more jobs than economists forecast last month. Prices advanced 2.4 percent last week as fighting in Libya between rebels and forces loyal to Muammar Qaddafi threatened to prolong supply cuts from Africa’s third-largest producer.