?Oil prices rose further on Thursday following positive US employment data that offset disappointing data on third quarter growth in the United States -- the world's biggest energy consumer.
New York's main contract, light sweet crude for delivery in February, climbed 86 cents to $99.53 a barrel. Brent North Sea crude for February added 18 cents to $107.89.
Weekly claims for US unemployment benefits fell to the lowest level since April 2008 last week, the Labor Department said Thursday, yet another sign that the jobs market is in recovery in the world's biggest economy.
The data was better than most economists expected, with claims of 364,000 last week versus the consensus estimate of 380,000.
However separate data showed that the US economy grew by a slower-than-thought 1.8 percent in the third quarter as household spending dropped according to the Commerce Department.
Growth was down 0.2 percentage points versus the previous estimate and below economist expectations.
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Source: http://www.oilandgaseurasia.com/news/p/0/news/13782/
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