69.6 F
Fort Worth
Monday, September 21, 2020
- Advertisements -
Energy Oil prices rise ahead of US jobs report

Oil prices rise ahead of US jobs report

Other News

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery rose 31 cents to settle at $41.60 a barrel Monday. Brent crude...

Trump to discuss energy, tour oil rig, raise money in Texas

By DARLENE SUPERVILLE Associated PressWASHINGTON (AP) — President Donald Trump will shift his focus to American energy dominance during a stop in...

Basic Energy Services makes organizational changes

Fort Worth-based Basic Energy Services, Inc. (OTCQX: BASX) in late May announced the implementation of changes to the organizational structure of the...

Texas oil producers were cutting output before Railroad Commission chose not to, Commissioner Christi Craddick says

By Cassandra PollockMay 12, 2020 Texas Railroad Commissioner Christi Craddick on Tuesday doubled down on the agency’s recent decision...
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

 

The Associated Press

Oil prices climbed Friday ahead of a monthly U.S. jobs report that is expected to show a pickup in hiring.

Benchmark U.S. crude for May delivery was up 67 cents to $100.96 a barrel at 0915 GMT in electronic trading on the New York Mercantile Exchange. The contract gained 67 cents Thursday to close at $100.29.

The U.S. Labor Department releases its March employment report later Friday and it is expected to show that hiring bouncing back after severe cold dented job creation during the winter. Analysts forecast that employers added 195,000 jobs last month, according to a survey by FactSet. That would be the highest total in four months and up from 175,000 in February.

More people in employment typically results in higher energy and fuel consumption.

Brent crude, used to set prices for international varieties of oil, rose 48 cents to $106.63 a barrel on the ICE exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline edged up 0.5 cent to $2.916 a gallon.

— Natural gas fell 5.9 cents to $4.411 per 1,000 cubic feet.

— Heating oil gained 1 cent to $2.917 a gallon.

 

 

- Advertisements -
- Advertisements -

Latest News

From abortion access to immigration, the battle over the open Supreme Court seat will affect Texas for a generation

By Abby Livingston, The Texas Tribune Sept. 20, 2020 "From abortion access to immigration,...

Tropical Storm Beta churns slowly toward Texas and Louisiana

By JUAN A. LOZANO Associated PressHOUSTON (AP) — Tropical Storm Beta trudged toward the coasts of Texas and Louisiana on Sunday, threatening...

Can Trump and McConnell get through the 4 steps to seat a Supreme Court justice in just 6 weeks?

Caren Morrison, Georgia State University United States Supreme Court...

Trump backs proposed deal to keep TikTok operating in US; Texas mentioned as HQ

By STAN CHOE AP Business WriterNEW YORK (AP) — President Donald Trump said Saturday he's given his "blessing" to a proposed deal...

Texas bars and distilleries rip Gov. Greg Abbott for leaving them out of “unacceptable” reopening plan

By Dan Rosenzweig-Ziff, The Texas Tribune Sept. 19, 2020 "Texas bars and distilleries rip...