West Texas Intermediate headed for its first weekly gain in a month after employment increased more than forecast in the U.S., the biggest crude consumer.
Futures gained as much as 0.6 percent, and have advanced 3.5 percent this week. U.S. payrolls rose 175,000 last month, Labor Department figures showed today in Washington. That was more than a median forecast in a Bloomberg survey for a 163,000 gain. WTI’s discount to the European benchmark, Brent, widened for the first time in three days. WTI may slide next week, according to a separate Bloomberg survey.