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US, Brent crude move up after jobless claims data

Published 06/30/2011, 08:51 AM
Updated 06/30/2011, 08:52 AM

NEW YORK, June 30 (Reuters) - U.S. and Brent crude futures turned higher in choppy trading on Thursday after a report showed jobless claims fell slightly last week, but less than expected, in the United States last week.

Both U.S. and Brent crude prices initially extended modest losses after the data, before bouncing back.

On the New York Mercantile Exchange, August crude , rose 30 cents to $95.07 a barrel by 8:44 a.m. EDT (1244 GMT), trading from $94.15 to $95.44.

ICE Brent August crude was down 10 cents at $112.30 a barrel, after briefly turning higher, having traded from $110.72 to $112.86. (Reporting by Robert Gibbons)

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