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Oil prices rose sharply again Monday as euphoria over a U.S. jobs report continued to push prices higher.Benchmark oil for June delivery was up 87 cents to $96.48 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.The contract jumped $1.62 to finish at $95.61 on Friday after U.S. employers added a surprisingly solid 165,000 jobs in April. That drove down the unemployment rate to a four-year low of 7.5 percent and suggested the U.S. economic recovery may be gathering pace.Demand for oil also tends to increase when the economy picks up, as factories produce more, people drive more and businesses use more fuel to ship goods.Rising oil prices are "just a matter of improving sentiment around global growth," said Stan Shamu, market strategist at IG in Melbourne.Brent crude, which is used to set prices of oil from the North Sea used by many U.S. refiners, was up 60 cents to $104.79 per barrel on the ICE Futures exchange in London.In other energy future...
The number of Americans seeking unemployment aid rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump comes after applications...
Alarmed by an ominously weak U.S. jobs report, investors ran for safety Friday from new worries about a global slowdown, sending the Dow Jones industrial average to ...
The monthly U.S. jobs report will be released as scheduled Friday despite earlier concerns that Superstorm Sandy might force the Labor Department to delay its releas...
Wells Fargo Private Bank Regional CIO John Lynch on the outlook for the job market .
FBN’s Tracy Byrnes on the outlook for the job market .
The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and p...
Oil prices retreated a day after posting big gains as traders turned their attention to the release later Friday of a monthly U.S. jobs report.Benchmark oil for Nove...
Oil prices rose to nearly $96 a barrel Friday in Asia, reversing earlier losses as traders awaited the release of a key U.S. jobs report.Benchmark oil for October de...
The Weekly Standard’s Stephen Hayes, American Wealth Management Laif Meidell and United Advisors’ Scott Martin on the outlook for the job market and economy.
Former Obama economic advisor Austan Goolsbee and US Department of Labor Chief of Staff Paul Conway discuss the latest reading on employment .
Fears of a sharp slowdown in the world's two largest economies, the U.S. and China, and concerns over the stability of Europe's currency union combined to batter glo...
ADP national employment report counted 187,000 new private sector jobs
Wall Street capped a huge week with a sharp advance Friday after the government's employment report for September and its revision of August's data cooled the market...
WASHINGTON -- The government is expected to report Friday that businesses stepped up hiring in December, a trend likely to gain momentum in 2011.Economists are predi...
ETX Capital head of trading Joe Rundle weighs in on the European markets.
Hurricane Sandy could complicate Friday's release of the October U.S. jobs report, the final snapshot of employment before the presidential election.Labor Department...
Oil prices slipped below $69 a barrel Thursday in Asia as investors looked to the release of a key U.S. employment report for hints on the outlook for the world's la...
Oil prices rose to near $91 a barrel Friday in Asia as traders eyed violent street clashes in Egypt and a key U.S. jobs report.Benchmark crude for March delivery was...
FBN’s Adam Shapiro breaks down the stories moving the markets ahead of the trading day.
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