Investing.com – Oil prices surged almost 2% on Friday as shares on Wall Street hit record highs and investors rediscovered their risk appetite on an upbeat U.S. jobs report for October.
* West Texas Intermediate, the benchmark for New York-traded crude, was up $1.01, or 1.9%, at $59.62 per barrel by 11:03 AM ET (15:03 GMT).
* Brent, the London-traded global gauge for oil, rose $1.02, or 1.7%, to $60.64.
* U.S. nonfarm payrolls rose by 128,000, compared with expectations for a rise of 89,000 according to forecasts compiled by Investing.com. September's hiring was revised up to 180,000 from an initially-reported 136,000.
* Stocks on Wall Street hit record highs, with the S&P 500 up 0.8% at 3,061.20 after hitting an all-time high at 3,064.29.