BUSINESS

Oil Prices Show Upward Trends

Oil prices rose more than one percent on Friday after upbeat U.S. jobs data strengthened expectations for higher fuel demand and on signs that U.S. sanctions on Venezuelan exports have helped tighten supply.

U.S. West Texas Intermediate futures were at $54.65, up 86 cents.

Oil prices got a boost from Wall Street after surprisingly strong U.S. job growth data fed demand for equities.

Carol Maye, Readers Bureau, Fellow

Edited by Jesus Chan

Do you want to add feedback to this story? Please add a comment in the e-mail box below.

Like our Facebook page https://www.facebook.com/TheReadersBureau

Follow us on Twitter https://twitter.com/readersbureau21