Reuters reported that Brent oil advanced Thursday as better-than-expected US labor market data suggest higher demand for oil although it is still heading for the biggest monthly decline in four months.
As quoted in the market news:
Brent crude for April delivery gained 34 cents to $112.21 a barrel by 1:22 p.m. EST (1822 GMT), having earlier risen to $112.57. It fell to a low of $111.65 on Wednesday, its weakest since Jan. 22.
