Oil Caps Biggest Weekly Gain in Three Months
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Oil gained in New York, capping the biggest weekly advance in three months, after U.S. employers hired more workers than expected in December.
Prices increased 17 cents after the Labor Department said payrolls rose by 155,000 workers last month, exceeding the 152,000 forecast in a Bloomberg survey of economists. Futures were down for most of the day as the Energy Department reported gasoline and distillate fuel supplies jumped a combined 7.14 million barrels last week.