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Oil rose after dollar decreased, bolstering the appeal of commodities to investors, and as contracts to buy U.S. homes gained more than forecast in March.
Crude oil for June delivery rose 0,32% to $104.45 a barrel on the New York Mercantile Exchange.
The Labor Department reported that more Americans than forecast filed applications for unemployment benefits last week. Jobless claims fell by 1,000 to 388,000. The median forecast of economists was 375,000.
A Commerce Department report tomorrow may show that U.S. growth slowed in the first quarter, increasing speculation that the Fed will consider more stimulus.
U.S. first-quarter gross domestic product, the value of all goods and services the nation produced, rose at a 2.6% after advancing 3% in the previous three months.
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