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<blockquote data-quote="klein" data-source="post: 1002900" data-attributes="member: 23950">Thanks Obama for adding 163.000 jobs !Oil went up 5% on that good news, and so did the Canadian dollar, rising over the US greenback again !NEW YORK, N.Y. - The price of oil jumped five per cent Friday after the government reported a sharp rise in jobs growth for July.Benchmark U.S. crude rose US$4.27 to $91.40 per barrel in afternoon trading in New York. Brent crude, which sets the price for oil imported into the U.S., climbed $3.08, 2.9 per cent, to $108.98 per barrel in London.Prices climbed after the government said U.S. employers added 163,000 jobs in July. Last month&#039;s hiring was the best since February, though it wasn&#039;t enough to drive down the unemployment rate. Prices for oil and gasoline tend to rise on signs of strength in the economy, which increases energy demand.&quot;There&#039;s a lot of optimism following the jobs report,&quot; said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.</blockquote>

[QUOTE="klein, post: 1002900, member: 23950"] Thanks Obama for adding 163.000 jobs ! Oil went up 5% on that good news, and so did the Canadian dollar, rising over the US greenback again ! NEW YORK, N.Y. - The price of oil jumped five per cent Friday after the government reported a sharp rise in jobs growth for July. Benchmark U.S. crude rose US$4.27 to $91.40 per barrel in afternoon trading in New York. Brent crude, which sets the price for oil imported into the U.S., climbed $3.08, 2.9 per cent, to $108.98 per barrel in London. Prices climbed after the government said U.S. employers added 163,000 jobs in July. Last month's hiring was the best since February, though it wasn't enough to drive down the unemployment rate. Prices for oil and gasoline tend to rise on signs of strength in the economy, which increases energy demand. "There's a lot of optimism following the jobs report," said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service. [/QUOTE]

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