Positive data on labor market in the U.S. have raised the price of oil

The price of "black gold" today in New York rose to 85.39 dollars per barrel. The main reason - the growing number of jobs in nonagricultural sectors of the U.S. economy. It is reported by the Associated Press. "Expected the week statistics by the U.S. labor market in March was encouraging", - experts say PSB. Although the unemployment rate remained unchanged compared with the previous month (9,7%), the number of jobs in the U.S. economy last month increased by 162 thousand, which was a record growth over the past 3 years. "The trend in the market had been positive before, now it is confirmed. If the number of jobs will continue to grow for several months, demand for oil will just grow," - says an analyst at Hudson Capital Energy in Singapore Clarence Chu. At the same time, this improvement in the labor market may accelerate the Fed's decision to raise the key rate. This was also said the index of manufacturing activity in the U.S. in March, which was published the day before, which rose to 59.6 n. - the highest level since July 2004. If the rate is increased, the value of money will grow. Market participants will begin to withdraw funds out of riskier assets, including the oil, the dollar has strengthened considerably. Against this background, oil prices can be very "prosest.