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Oil prices continued to rise Friday after the U.S. said its economy added 227,000 jobs in February. The U.S., the world's largest oil consumer, has seen the strongest three months of job growth since the Great Recession. An improving economy is likely to lead to more demand for oil. Benchmark West Texas Intermediate crude, which is used to price much of the oil produced in the U.S., rose by 82 cents to end the day at $107.40 per barrel in New York. Brent crude, which prices oil imported by U.S. refineries, rose by 54 cents to finish at $125.98 per barrel in London. Natural gas futures rose by 5 cents to end at $2.32 per 1,000 cubic feet. Earlier in the week, natural gas dropped to the lowest level in 10 years following a relatively warm winter and a boom in U.S. production. In other energy trading, heating oil fell by less than a cent to finish at $3.26 per gallon and gasoline futures rose 2 cents to end at $3.33 per gallon.
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