LONDON (AFP) — Oil prices were catapulted close to record levels near 135 dollars per barrel as traders reacted to fresh weakness in the US currency after negative data on the American economy.
New York's main oil futures contract, light sweet crude for July delivery, surged as high as 134.68 dollars per barrel, close to its historic peak of 135.09 hit on May 22.
The contract later stood at 134.40 dollars, up 6.61 dollars from the close on Thursday.
Brent North Sea crude for July gained 5.55 dollars to 133.09 dollars a barrel, which was some way off the record 135.14 struck on May 22.
The US economy shed 49,000 (0.5%) jobs in May, almost twice the number the prior month, to mark the fifth monthly drop in a row.
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Global demand sees oil on fire
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