Weekly Fundamentals - Oil Prices Jumped on Hopes of Output Reduction

Energy prices rallied last week with both benchmark contracts for crude oil jumped more than +9%. Heating oil price also rose over +8% while that for gasoline gained over +2%. US non-farm payrolls increased more than expected in February, lifting sentiment and risky assets (including oil) on Friday. US nonfarm payrolls increased +242K from an upwardly revised +172K addition a month ago.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-oil-prices-jumped-on-hopes-of-output-reduction-2016030532465/