![\"oil\"](\"http:\/\/static.businessinsider.com\/image\/4b6b46520000000000d56bea\/oil.jpg\")
<\/p>\n<\/p>\n<\/p>\n<\/p>\n
How much more until this acts as a brake on the economy? And if it’s at $86 now, where will it trade when the economy is going full blast again?<\/em><\/p>\n By ALEX KENNEDY, Associated Press Writer<\/p>\n SINGAPORE (AP) — Oil prices jumped to near $86 a barrel Monday in Asia, extending gains from last week as investors bet an improving U.S. job market will herald growing crude demand.<\/p>\n Benchmark crude for May delivery was up 80 cents to $85.67 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract climbed up $1.11 to settle at $84.87 on Thursday following a gain of $1.39 on Wednesday.<\/p>\n Global oil trading was closed for the Good Friday holiday.<\/p>\n Crude has jumped from $69 a barrel in early February on expectations a growing U.S. economy will eventually spark higher oil consumption.<\/p>\n On Friday, the U.S. Labor Department said employers added 162,000 jobs in March, the largest job gain in three years. The unemployment rate stayed at 9.7 percent for the third straight month.<\/p>\n “The market was positive before but now it’s been confirmed,” said Clarence Chu, a trader with market maker Hudson Capital Energy in Singapore. “If the job growth can be sustained for several months, we’ll definitely see crude demand pick up.”<\/p>\n In other Nymex trading in May contracts, heating oil rose 2.09 cents to $2.2376 a gallon, and gasoline gained 2.10 cent to $2.3442 a gallon. Natural gas jumped 1.5 cents to $4.101 per 1,000 cubic feet.<\/p>\n In London, Brent crude was up 71 cents at $84.72 on the ICE futures exchange.<\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n How much more until this acts as a brake on the economy? And if it’s at $86 now, where will it trade when the economy is going full blast again? By ALEX KENNEDY, Associated Press Writer SINGAPORE (AP) — Oil prices jumped to near $86 a barrel Monday in Asia, extending gains from last week […]<\/p>\n","protected":false},"author":5359,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-516166","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/516166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5359"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=516166"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/516166\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=516166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=516166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=516166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
<\/img><\/a>
\n<\/img><\/a><\/p>\n
\n<\/img><\/a>
<\/img><\/a>
<\/img><\/a>
<\/img><\/a>
<\/img><\/a>\n<\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"