(MENAFN- The Peninsula) Oil futures rallied, erasing losses on strong jobs data and US government forecasts for lower domestic crude production growth and higher global demand for oil. US job openings surged to a 14-year high in February. US May crude was up $1.65 at $53.79 a barrel at 1658 GMT, having traded from $51.17 to $53.84. Brent May crude was up $1.10 at $59.22. Reuters
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