Jan 12, 2025 5:21 p.m.

Oil settled higher on strong economic data

Oil settled higher on strong economic data

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International benchmarks for crude oil settled higher on Friday, 5 August 2022 after data showed the US added 528,000 jobs in July, much stronger than expected. However, the gains were limited by the lingering fear of a global economic recession. 

Brent gained 80 cents to close at $94.92/barrel.

WTI added 47 cents to settle at $89.01/barrel.