Oil rises; US job gains offset by supply concerns

Published May 2, 2014 7:32pm ET



The price of oil rose Friday as a report showed a big gain in new jobs in the U.S. But gains were tempered by ongoing concerns about record oil supplies.

Benchmark U.S. crude oil for June delivery gained 34 cents to $99.76 a barrel on the New York Mercantile Exchange.

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Oil