U.S. oil prices rose Friday as traders weighed expectations of growing demand against concerns that the market remains oversupplied. Light, sweet crude settled up 45 cents, or 0.8%, to $59.39 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, fell 15 cents, or 0.2%, to $65.39 a barrel on the ICE Futures Europe exchange. The U.S. contract posted a 0.4% gain this week while Brent fell 1.6%. Prices rose early in the session after the Labor Department reported that U.S. employers added a seasonally adjusted 223,000 jobs in April and the unemployment rate fell to 5.4% from 5.5% the prior month. Higher employment can put more commuters on the road, a positive indicator for oil demand. “A favorable employment figure conjures up images of some increased gasoline demand, and that’s helping out” the market, said Jim Ritterbusch, president of energy-advisory firm Ritterbusch […]