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Intermediate crude rose for a second day after
increased as much as 1.1 percent in
Bloomberg survey estimates of 92 economists for February payrolls ranged from gains of 100,000 to 220,000.
rose to 6.7 percent from 6.6 percent as more people entered the labor force and
couldn’t find work, the data released today in
President Barack Obama signed an order authorizing financial sanctions against
The flow of
Russian crude through Ukraine to Europe in the southern branch of the Druzhba
oil pipeline is uninterrupted, Natalya Kutsik, a spokeswoman for Russia’s oil
pipeline operator OAO Transneft, said by text message. The link carried about
300,000 barrels a day last year, according to data from
WTI for April delivery increased 89 cents, or 0.9 percent, to $102.45 a barrel at 10:40 a.m. on the New York Mercantile Exchange. Prices are down 0.1 percent this week. The volume of all futures traded was 2.4 percent above the 100-day average.
Brent for April settlement rose 36 cents, or 0.3 percent, to $108.46 a barrel on the London-based ICE Futures Europe exchange. Trading volume was near the 100-day average. The European benchmark was at a $6.01 premium to WTI, down from $6.54 at yesterday’s close.
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