Oil Rises a Third Day on Greek Debt Swap, U.S. Economy

Oil gained for a third day in New York on speculation that rising U.S. payroll numbers and an easing European debt crisis will spur demand for crude.

Futures climbed as much as 0.7 percent after Greece reached its target in the biggest sovereign debt restructuring in history. The U.S. probably added 210,000 jobs in February, according to a Bloomberg survey before a report today. Oil has increased this year on concern sanctions against Iran will lead to military conflict in the Middle East, where more than half the world’s crude reserves are located.