US crude hits 3-month high following strong jobs report, tropical storm concerns

摘要

Crude futures settled higher June 3 following a better-than-expected US jobs report and concerns of potential disruptions stemming from the potential formation of the Atlantic’s first tropical cyclone of the year. NYMEX July WTI climbed ff2.00 to settle at ff118.87/b, and ICE August Brent rallied ff2.11 to ff119.72/b. US payrolls expanded by 390,000 in May, Labor Department data showed June 3. While the report showed hiring has slowed since April, when the economy added 436,000 jobs, the May jobs report still exceeded market expectations of around 330,000 new hires.