The Energy Report
UPI
Crude oil prices moved sharply higher in New York, topping $98 per barrel as the U.S. added 157,000 jobs in June.
Positive data on jobs helped boost confidence in the market. On the New York Mercantile Exchange, oil prices added $1.73 to reach $98.39 per barrel.
Data that was recently lean looked a little more plump. Automatic Data Processing, which compiles jobs data on the private sector, said a month ago only 38,000 jobs were added in May.
Home heating oil prices added 7.96 cents to $3.0429 per gallon. Reformulated blendstock gasoline prices gained 8.09 cents to $3.0785 per gallon.
At the pump, the national average price of unleaded gasoline rose from Wednesday's $3.569 per gallon to $3.583.
Notable Quotes
"Uranium producers like EFR are going to start popping up on people's radar screens." (5/23/13) Energy Fuels Inc. - The Energy Report Interview with Matt Badiali More >
"The conservative uranium bet is to go with companies making money at current prices. That's FCU." (5/23/13) Fission Uranium Corp. - The Energy Report Interview with Matt Badiali More >
"CHK is active in the Marcellus sweet spot in northwestern West Virginia." (5/16/13) Chesapeake Energy Corp. - The Energy Report Interview with Josh Young More >
"FCU is on to the most exciting uranium discovery to come around in quite a while." (5/14/13) Fission Uranium Corp. - The Metals Report Interview with Brent Cook More >
"Majors like RDS are moving toward gas." (5/9/13) Royal Dutch Shell Plc - The Energy Report Interview with Keith Schaefer More >
Crude Oil Tops $98
Source: UPI (7/7/11)
"Crude oil prices topped $98 per barrel as the U.S. added 157,000 jobs in June."
More Experts
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