The Traderszone Network

Published in TZ Latest News 8 May, 2015 by The TZ Newswire Staff

Crude Oil Rises As Payroll Data Boost Optimism

Oil increased in New York after a rebound in U.S. payrolls boosted optimism the economy is accelerating. Futures rose 0.8% after Labor Department data showed employment picked up in April, a sign companies are gaining confidence. Oil explorers reduced the number of active rigs in U.S. fields for the 22nd straight week, extending an unprecedented drop in drilling.

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