COMMODITY
Crude oil futures end higher on Friday
Oct-05-2024

Crude oil futures ended higher on Friday on concerns about a possible attack on Iran's oil facilities by Israel in retaliation for the former's attack earlier in the week. Upbeat U.S. jobs data also contributed to the rise in oil prices. Data from the Labor Department showed U.S. non-farm payroll employment jumped by 254,000 jobs in September after climbing by an upwardly revised 159,000 jobs in August. Oil prices pared some early gains after U.S. President Joe Biden sought to discourage Israel from attacking Iran's oil facilities. 

Benchmark crude oil futures for November delivery rose $0.67 or about 0.91 percent to settle at $74.38 a barrel on the New York Mercantile Exchange. Brent crude for December delivery up by $0.43 or about 0.55 percent to settle at $78.05 a barrel on London's Intercontinental Exchange.


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