WTI crude oil prices shot up over 5 per cent on this morning’s strong non-farm payroll number, reaching at least $91.53.
It’s the largest gain in a month, according to Bloomberg.
Brent oil prices also showed strong gains, rising 2.5 per cent to $108.58.
Contracts also built on this week’s bullish EIA storage report showing declines of 27, 225 thousand barrels per day.
Oil giants were trading higher, led by a gain from Total S.A. of 4.4 per cent.
Natural gas prices, meanwhile, failed to capitalise on the NFP report, with September contracts down -0.6 per cent.