The price of oil has jumped back above $95, following stock markets higher after the US government reported that May was another month of steady job growth.
In morning trading in New York, benchmark oil for July delivery was up 87 cents to $95.63 a barrel.
The oil market's initial reaction to the report from the US Labour Department was negative with oil falling as low as $93.72 a barrel after the jobs numbers came out.
However US stock markets rose about 1% in early trading, and oil soon reversed course.
US employers added 175,000 jobs in May, below the more robust pace that took place during the fall and winter.
The US government said the unemployment rate rose to 7.6% from 7.5% in April. But the increase occurred because more Americans began looking for work, a good sign.
The report also showed the economy added 12,000 fewer jobs in April and March than originally estimated.
Meanwhile, Brent crude, a benchmark for many international oil varieties, was up 69 cents to $104.30 a barrel on the ICE Futures exchange in London.
