Saturday, September 25, 2021
84.9 F
Fort Worth

Oil rises after earlier drop; awaiting job data

🕐 1 min read

The Associated Press

The price of oil recouped some of its recent losses Friday as the market awaited the release of U.S. jobs data that could signal an economic recovery.

Benchmark U.S. crude oil for June delivery added 8 cents to $99.50 a barrel on the New York Mercantile Exchange, after losing ground a day earlier when the U.S. Energy Department said oil supplies rose by 1.7 million barrels last week. That pushed the U.S. supply to a record 399.4 million barrels.

Brent crude, an international oil benchmark, added 19 cents to $107.95 on the ICE Futures exchange in London.

Markets are closely awaiting the release of U.S. nonfarm payroll data, expected later Friday, as a key indicator of the health of the American economy.

In other energy futures trading on Nymex:

— Wholesale gasoline was unchanged at $2.94 a gallon.

— Heating oil rose 1 cent to $2.92 a gallon.

— Natural gas added 2 cents to $4.74 per 1,000 cubic feet.

 

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.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate