Markets > Commodities

WTI crude futures gain 0.01 pct

​NEW YORK
2018-10-06 15:08

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U.S. oil prices increased 0.01 percent Friday as U.S. job data remains strong.

"Encouraging indicators were broad based. The jobs report shows continued steady job creation," said U.S. Secretary of Labor Alexander Acosta on Friday. Unemployment of the United States in September fell to 3.7 percent, the lowest level since 1969, according to the latest official data.

In the number of actively operating rigs in the United States decreased to 1,052 in the week ending Oct. 5 while the number of actively operating rigs picked up to 22 from 18 in the previous week, according to data issued by Baker Hughes on Friday.

The West Texas Intermediate (WTI) for November delivery picked up 0.01 U.S. dollar to settle at 74.34 dollars a barrel on the New York Mercantile Exchange. Meanwhile, Brent oil price for December delivery decreased 0.44 U.S. dollars to 84.14 U.S. dollars per barrel.
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