Crude Finds Support on Job Data
Crude futures found some support Thursday on stronger gasoline demand and better jobs data. Both appear to be signs that the U.S. economy remains in a recovery mode.
Front-month Brent futures traded $1.09 higher to settle at $123.43 per barrel. On the NYMEX, WTI crude finished up $1.84 to $103.31 per barrel for the May contract.
Meanwhile, natural gas futures were not so fortunate. Contracts for May Henry Hub were off 5 cents to $2.09 per MMBtu at settlement.
RBOB gasoline contracts for May gained a penny to settle at $3.34 per gallon.
Commodities markets will be closed Friday, April 6 in commemoration of Good Friday.
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