Friday June crude futures on Nymex opened 88 cents higher at $113.40 PB, benefiting from a positive jobs data
Friday June crude futures on Nymex opened 88 cents higher at $113.40 PB, benefiting from a positive jobs data.
US unemployment edged down 0.1% to 5% in March, according to data released Friday by the Bureau of Labor Statistics, with non-farm payrolls dropping 20,000.
Consensus estimates were calling for a loss of 73,000 jobs.
The US Dollar Index jumped to an intra-day high of 73.698 following the jobs report, but subsequently pulled back to the 73.526 level.
June heating oil opened 3.03 cents higher at $3.1480/gal while June RBOB opened 1.78 cents higher at $2.8960/gal.
Some of the bounce seen in the petroleum complex was chart-based, following the $9.63/b drop in prices seen in the previous four sessions.
