Oil Rises From Four-Month Low After U.S. Jobless Claims
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Oil climbed from a four-month low after fewer Americans than forecast filed claims for unemployment insurance and Greek lawmakers approved a package of austerity measures needed to unlock further financial aid.
Futures rose 0.8 percent as the Labor Department said applications for jobless benefits fell by 8,000 to 355,000 last week. The Greek Parliament passed a bill on pension, wage and benefit cuts. Oil gave up some of its intraday gains as equities declined and the euro reached a two-month low versus the dollar.