India, June 6 -- A U.S. May payroll report showing underlying resilience in the job market helped crude oil prices move higher on Friday.
Surprisingly positive economic news coming from U.S., the possibility of a U.S.-China trade deal in the coming weeks and a buoyant rally in U.S. stock markets were the major factors that boosted crude oil prices today.
WTI for July Delivery closed at $64.58 per barrel, up by $1.21 today. Brent crude was last seen at $66.33 per barrel, up by 99 cents.
After two weeks of decline, WTI gained around 6 percent for the week.
On the macroeconomic front, the payroll report for May released by Labor Department revealed that the non-farm payrolls increased to 139,000, above forecasts of 130,000. Further, the un...