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Oil prices trim gains after U.S. jobs data top forecasts

Published 2015-12-04, 08:39 a/m
© Reuters.  Oil prices trim gains after U.S. jobs data top forecasts
LCO
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CL
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LONDON, Dec 4 (Reuters) - Oil prices trimmed gains to hold
in positive territory on Friday after data showed the U.S.
economy created more jobs than forecast in November, cementing
expectations for the first U.S. interest rate rise in nearly a
decade this month.
Brent crude futures LCOc1 were last up 78 cents on the day
at $44.62 a barrel by 1333 GMT, compared with around $44.70
before the data and with a session high of $44.82.
U.S. crude futures CLc1 were up 47 cents on the day at
$41.55 a barrel, having traded around $41.76 prior to the
numbers.
U.S. government data showed non-farm payrolls rose by
211,000 in November, compared with forecasts in a Reuters survey
of analysts for a reading of 200,000 and below an
upwardly-revised reading of 298,000 in October.

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