Brent crude rose to US$111.8 a barrel on the ICE Futures exchange in London. Benchmark U.S. crude for January delivery inched up to US$97.3 on the Nymex, amid stronger economic growth and declining unemployment. Numbers from USA showed the outlook for hiring is improving and the economy is growing at its fastest pace in more than a year. As per the Labor Department, U.S. unemployment rate in November fell to a 5 year low of 7% from 7.3% in October. Employers added 203,000 jobs last month, many in higher-paying sectors like manufacturing and construction. Data from the Commerce Department showed that the US. economy grew at a 3.6% annualized rate in July through September, the fastest since early 2012. Earlier in the week it was reported by the Energy Department that US oil stockpiles fell last week after 10 consecutive weeks of expanding supplies.
09-Dec-13 
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