Mideast tensions, US jobs data push oil higher
Sunday, 4 December 2011
NEW YORK, Dec 3 (AFP): Oil prices moved higher Friday aided by rising tensions with Iran and Syria and some promising US jobs figures.
New York's main contract, West Texas Intermediate crude for delivery in January, climbed 76 cents to $100.96 a barrel.
Brent North Sea crude for January added 95 cents to $109.94 per barrel at the close.
US employment data released Friday saw the national unemployment rate plunge to 8.6 per cent from 9.0 per cent, a positive sign for the economy.