Oil extends gains, supported by surprise US jobs report

TOKYO: Crude prices rose on Monday, adding to gains in the previous session on better-than-expected US jobs data, although gains were tempered by worries over the prolonged Sino-US trade war.

Brent crude futures were up 10 cents, or 0.2 per cent, by 0048 GMT at $64.33. US West Texas Intermediate (WTI) was up 14 cents, or 0.2 per cent, at $57.65 a barrel.

“A very cautious open this morning supported by a better than expected (non-farm payrolls),” said Stephen Innes, managing partner at Vanguard Markets in Bangkok. “Traders remain incredibly cautious about the dimmer global economic overhang.”