WTI, Brent Crudes Gain as Payrolls Increase
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West Texas Intermediate and Brent crudes rose for a second day after U.S. employers increased payrolls in March, signaling fuel consumption may climb in the world’s biggest oil-consuming country.
Futures advanced 0.8 percent in New York, trimming a weekly decline. Payrolls grew 192,000 after a 197,000 gain in February that was larger than first estimated, Labor Department data showed today. The unemployment rate held at 6.7 percent. Brent also rallied as rebels continued to block exports from Libya’s east as traders await a possible resumption.