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Oil prices jump to near $86 a barrel

4 years ago Monday, April 05, 2010 6:59:15 AM CDT April 05, 2010 Monday, April 05 2010 Apr 5, 2010 in News
Source: Associated Press

Oil prices jumped to near $86 a barrel Monday in Asia, extending gains from last week as investors bet an improving U.S. job market will herald growing crude demand.

Global oil trading was closed for the Good Friday holiday.

Crude has jumped for $69 a barrel in early February on expectations a growing U.S. economy will eventually spark higher oil consumption.

On Friday, the U.S. Labor Department said employers added 162,000 jobs in March, the largest job gain in three years.

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