Crude Reaches Two-Week High as U.S. Employment Picks Up

West Texas Intermediate crude rose to a two-week high on speculation that demand for fuel will climb after U.S. employment gained more than forecast.

Futures capped a 4.4 percent weekly increase after the Labor Department reported payrolls advanced 175,000 in May, beating the 163,000 median forecast of economists surveyed by Bloomberg. The unemployment rate climbed to 7.6 percent from 7.5 percent in April as more Americans entered the labor force. Oil also gained with U.S. equities.