The US Labor Department
said initial jobless claims fell 26,000 last week to 323,000, reversing the previous week's increase and returning claims to pre-recession levels.
Another impact on oil price was a report by the US Labor Department
that showed a job growth of 162,000.
The rise in oil prices in global markets was a result of unexpected employment growth in the United States as well as expectations of an increase in oil demand from the largest oil consumer in the world as the US Labor Department
said "the new increase in employment pulled the unemployment rate to 7.
The data released by the US Labor Department
last month marked a six-month period, in which the economy added 100,000 jobs or more in each month.