The Canadian PressMay 6, 2013 01:00
BANGKOK - Oil prices rose sharply again Monday as euphoria over a U.S. jobs report continued to push prices higher.
Benchmark oil for June delivery was up 87 cents to $96.48 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
The contract jumped $1.62 to finish at $95.61 on Friday after U.S. employers added a surprisingly solid 165,000 jobs in April. That drove down the unemployment rate to a four-year low of 7.5 per cent and suggested the U.S. economic recovery may be gathering pace.