Oil settles up on US job data, Mideast tensions


Brent crude futures settled up 83 cents or 1.06% to US$79.16 a barrel. US West Texas Intermediate crude settled up 96 cents, or 1.28%, to US$76.19.

HOUSTON: Oil prices settled higher on Thursday for the third consecutive session after US jobs data eased demand concerns and war in the Middle East helped prices recover from an eight-month low on Monday.

Brent crude futures settled up 83 cents or 1.06% to US$79.16 a barrel. US West Texas Intermediate crude settled up 96 cents, or 1.28%, to US$76.19.

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