Kuwaiti crude rises to $100.10 pb

Kuwaiti crude oil was selling for USD 100.10 per barrel (pb) on Friday on a gain of USD 2,05 compared to the previous rate of USD 98.05 pb, said Kuwait Petroleum Corporation (KPC) on Saturday. The rise in oil prices in global markets was a result of unexpected employment growth in the United States as well as expectations of an increase in oil demand from the largest oil consumer in the world as the US Labor Department said "the new increase in employment pulled the unemployment rate to 7.5 percent." Brent crude futures, June delivery, touched a high of USD 1.34, reaching USD 104.19 pb while US light crude oil gained a high of USD 1.62, reaching USD 95.61 pb.