Oil price up amid jobs joy in US

**Oil prices have risen amid growing optimism that improved US job creation will boost economic recovery and lead to higher demand for crude.**In the first day of trading after the Easter break, US light crude added 0.4% to reach $85.31 a barrel.

London Brent crude also went up 0.4% to $84.37 a barrel.

On Friday, the US Labor Department said employers had created 162,000 new jobs in March, the highest monthly number since March 2007.

However, the country’s unemployment rate remained at 9.7% for the third month in a row.

World oil prices have been on an upward trend in recent weeks - partly because of signs of improvement in the US economy, but also because of a weak dollar, which tends to increase the price of commodities priced in that currency.

However, oil prices are still a long way from the record highs above $147 a barrel that they reached in July 2008. This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

source…