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Singapore - Crude prices rose in Asia on Thursday, mirroring advances in US stock markets following strong private sector jobs data for last month, analysts said.
New York's main contract, light sweet crude for delivery in May, rose 28 cents to $104.55 per barrel in the afternoon and Brent North Sea crude for May gained 29c to $115.42.
"I think it's very much a technical rebound... very much lifted by the bullish S&P equities," Serene Lim, oil and gas analyst for ANZ bank in Singapore, said.
Wall Street made solid gains on Wednesday after payrolls firm ADP reported that US companies added 201 000 jobs in March, suggesting the ailing labour market had turned a corner.
The figures also provided optimism for the government's keenly watched jobs data due out on Friday.
The broad-based S&P 500 index advanced 8.82 points to 1 328.26, and the Dow Jones Industrial Average rose 71.60 points to finish at 12 350.61.
