(wire)
Oil climbs on NYMEX
The cost of light, sweet crude for April delivery this morning climbed 26 cents to $81.71 a barrel.
This action on the New York Mercantile Exchange comes just days after the Department of Labor announced that the U.S. economy lost 36,000 jobs in February, a figure that fell short of estimates from economists.
This report likely increased investor confidence that the U.S. economy is on the rebound and energy demand could increase later in the year.
This action on the New York Mercantile Exchange comes just days after the Department of Labor announced that the U.S. economy lost 36,000 jobs in February, a figure that fell short of estimates from economists.
This report likely increased investor confidence that the U.S. economy is on the rebound and energy demand could increase later in the year.
