Oil prices rise following rising Opec exports and strong US jobs data

Oil prices rose after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude prices remained on track for a small weekly decline, pressured by rising OPEC exports and strong output from the United States. US employers hired more workers than expected in July and raised their wages, the Labor Department reported. Global benchmark Brent futures were up 39 cents, or 0.8 percent, at $52.40 a barrel by 11:45 a.

m. EDT (1545 GMT), while U.S. West Texas Intermediate crude was up 43 cents, or 0.9 percent, at $49.46. "Oil.

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