Crude Oil Tops $98


"Crude oil prices topped $98 per barrel as the U.S. added 157,000 jobs in June."


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.

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