WTI Oil Trades Near 14-Month High on Outlook for Jobs
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West Texas Intermediate crude climbed to a 14-month high on concern that unrest in Egypt will escalate and speculation a strengthening U.S. economy will boost demand.
Futures rose as much as 1.2 percent in New York to $102.44 a barrel, the highest since May 4, 2012. U.S. employers created as many jobs in June as a month earlier, a Labor Department report showed today. Egypt declared a state of emergency in the provinces of South Sinai and Suez, al Ahram newspaper reported.