Positive Jobs Numbers - Boon for Energy

The Labor Department's reports that US unemployment rate dropped to 8.3 percent and that jobs increased by 243,000 in January was bullish for much of the energy complex.

Light, sweet crude for March delivery on the NYMEX gained one and one-half percent, or $1.48, to $97.84 per barrel. March futures for Brent crude also responded favorably and finished at $112.15 per barrel--a gain of $2.51 or two percent above Thursday's close.

Among refined products, March reformulated gasoline blendstock also traded up nearly two percent finishing up four cents to $2.9144 per gallon.

Natural gas gave back its gains from yesterday and finished at $2.499 per MMBtu, eight percent lower than where it started the week.
 

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Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
JEAN DELATOUR | Feb. 6, 2012
THE UNITED STATES HAS NO TRAINING FOR OIL & GAS TECHS.

Obaidur Rahman | Feb. 3, 2012
Realy it seems to good window for hardworking oil industries employee


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Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours