Bullish data from the jobs sector in USA have propped up global oil prices. WTI managed a modest gain New York's West Texas Intermediate for November delivery settled at US$103 a barrel, while Brent North Sea crude for November, spiked to US$109.2 a barrel in London trade. US initial claims for unemployment benefits were lower than expected, resulting in the US benchmark contract interrupting a five-day losing streak. US jobless claims, an indicator of the pace of layoffs, fell by 5,000, to 305,000, in the week ending September 21, according to the Labour Department. Additionally, the US Department of Energy reported an unexpected spike in US crude oil commercial stockpiles last week, by 2.6 million barrels, instead of the drop of 900,000 barrels expected.
27-Sep-13 
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