WTI Crude Rises After U.S. Payrolls Gain
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West Texas Intermediate crude rose for a second day after U.S. employers added more workers than projected in February, bolstering optimism about the economy. The WTI-Brent spread narrowed.
Futures increased 1 percent in New York. Labor Department figures showed a 175,000 gain in employment. Analysts surveyed by Bloomberg projected a 149,000 advance. Futures dropped earlier this week as concern eased that Russia’s incursion into Ukraine’s Crimean peninsula would spark a broader conflict and disrupt energy shipments.