Natural gas surges nearly 20% in week; other energy commodities ...

May 8th, 2009 - MarketWatch

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NEW YORK (MarketWatch) -- Crude-oil futures rose Friday for a third session, extending their weekly gain to more than 9% as a better-than-expected U.S. jobs report cemented recent optimism about an economic recovery and rising prospects for oil demand.

U.S. nonform payrolls fell by 539,000 last month, the Labor Department reported. Analysts on average had expected a decline of about 600,000. The unemployment rate rose to a 26-year high of 8.9%, in line with expectation.

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