Oil prices linger around US$84 on better than expected US jobs data

11-Oct-11
Oil prices have inched up to US$84 on better than expected US jobs data and signs Europe may move to protect its banks from a sovereign debt crisis. Brent crude inched up to US$106 on the ICE Futures Exchange in London. The US Labor Department reported addition of 103,000 jobs last month, more than forecast. The market looks to European Union leaders to soon implement a major recapitalization of the region's banks to safeguard them against a possible default by some member states such as Greece.
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