NEW YORK
\nOil prices rose on Friday, recouping some of this week\u2019s losses on strong US job growth data but remained on course to close the week near their lowest levels since February, rattled by worries a recession could hit fuel demand.
\nBrent crude rose $1.46, or 1.6%, to $95.58 a barrel by 1556 GMT. US West Texas Intermediate crude was up $1.24, or 1.4%, at $89.78.
\nUS job growth unexpectedly accelerated in July as non-farm payrolls increased by 528,000 jobs, the largest gain since February, the US Labour Department reported.
\n\u201cThis is strong economic data that\u2019s supporting the oil market rise today,\u201d said Bob Yawger, director of energy futures at Mizuho.
\nDuring the session, both benchmarks hit lows last seen before Russia\u2019s Feb 24 invasion of Ukraine. Brent remained down about 13% since last Friday\u2019s close with WTI nearly 9% lower.
\nOil traders this week have fretted about inflation, economic growth and demand, but signs of tight supply kept a floor under prices.
\nRecession worries have intensified since the Bank of England\u2019s warning on Thursday of a drawn-out downturn.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW YORK Oil prices rose on Friday, recouping some of this week\u2019s losses on strong US job growth data but remained on course to close the week near their lowest levels since February, rattled by worries a recession could hit fuel demand. Brent crude rose $1.46, or 1.6%, to $95.58 a barrel by 1556 GMT. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":{"0":"post-276093","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n