US Jobs Data Help Crude Futures Post Small Gains

摘要

Global oil prices rose slightly for a secondstraight day on Thursday after better-thanexpected US jobs data helped the market hold ground after a 10% loss earlier in the week. But support for oil was likely to be short-lived as market bears continue hunting for a bottom to the second-biggest price rout in crude's history, traders said. Some traders think oil prices could be at a crossroads after losing over half their value from June highs, and that could explain benchmark Brent's stalling at above $50 since Wednesday. Others believe the market has just been handed a reprieve before being hammered lower.