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Brent, U.S. crude rise on jobs data, trading choppy

Published 08/05/2011, 08:47 AM
Updated 08/05/2011, 08:48 AM

NEW YORK, Aug 5 (Reuters) - Brent crude futures extended gains and U.S. crude turned positive in choppy trading after a better-than-expected July nonfarm payrolls report from the United States.

July nonfarm payrolls rose 117,000 in July, more than the 85,000 expected, and the jobless rate fell to 9.1 percent from 9.2 percent in June. [ID:nLLA5JE70Y]

ICE Brent September crude was up $1.38 at $108.63 a barrel by 8:44 a.m. (1244 GMT), having traded from $104.30 to $110.26.

On the New York Mercantile Exchange, September crude rose 23 cents to $86.88 a barrel, trading from $82.87 to $88.32. (Reporting by Robert Gibbons; Editing by John Picinich)

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