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By Jennifer Nash

Job openings rose more than expected in January, reaching 6.946 million vacancies, according to the latest Job Openings and Labor Turnover Survey (JOLTS). This represents an increase of 396,000 from the previous month, the largest monthly increase since October

Oil prices settled Friday at over $100 a barrel, topping off a chaotic week that saw prices nearly hit $120 on Monday. Iran’s decision to halt oil traffic through the Strait of Hormuz has driven up crude prices.

Brent crude, the global oil benchmark, rose 11% this week to $103.14 a barrel. The U.S. benchmark, West Texas Intermediate crude, gained 8.6% to $98.71. Both have risen for four straight weeks.

This article was written by

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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