{{Oil rose modestly Friday ahead of the release of a key U.S. jobs report that traders will examine for clues to the health of the U.S. economy.}}<\/p>\n
Benchmark oil for July delivery was up 14 cents to $94.90 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained $1.02 to finish at $94.76 a barrel Thursday.<\/p>\n
The U.S. Labor Department will release its employment report for May later in the day.<\/p>\n
A good result is expected, following a drop in jobless claims reported on Thursday.<\/p>\n
Oil prices were also being supported by a weaker dollar and a bigger-than-expected drop in crude inventories reported by the U.S. Energy Department and the American Petroleum Institute for the week ending May 31, said Matt Basi at CMC Markets in a commentary.<\/p>\n
Brent crude, a benchmark for many international oil varieties, rose 17 cents to $103.78 a barrel on the ICE Futures exchange in London.<\/p>\n
In other energy futures trading on the Nymex:<\/p>\n
\u2014 Wholesale gasoline was steady at $2.851 a gallon.<\/p>\n
\u2014 Heating oil added 0.8 cent to $2.879 per gallon.<\/p>\n
\u2014 Natural gas dropped 0.8 cent to $3.819 per 1,000 cubic feet.<\/p>\n
{Agencies}<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Oil rose modestly Friday ahead of the release of a key U.S. jobs report that traders will examine for clues to the health of the U.S. economy.}} Benchmark oil for July delivery was up 14 cents to $94.90 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[101],"byline":[170],"hashtag":[],"class_list":["post-8305","post","type-post","status-publish","format-standard","hentry","category-business","tag-internationl","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/8305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=8305"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/8305\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=8305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=8305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=8305"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=8305"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=8305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}