March 7, 2012
Oil prices have traded above $US105 ($100) a barrel on positive US jobs data, despite a government report showing crude stockpiles increased less than expected last week.
Benchmark oil for April delivery was up 83 cents to $105.53 a barrel in late morning trading on the New York Mercantile Exchange.
In London, Brent crude was up 51 cents at $122.49 a barrel on the ICE Futures exchange.
This article was posted: Wednesday, March 7, 2012 at 12:50 pm