Oil Up To $85.31 A Barrel (SCO, DBO)

Oil was up in trading on Monday. Following the Easter break, U.S. light crude was up 0.4% to $85.31 a barrel, while the Brent crude in London was up 0.4% to $84.37 a barrel. On Thursday, the ProShares UltraShort DJ-UBS Crude Oil (ETF) (NYSE: SCO) was down 0.60% to $11.65 in after-hours trading, while the PowerShares DB Oil Fund (ETF) (NYSE: DBO) closed 2.28% higher at $28.76. Oil prices have received a boost after Friday’s report from the U.S. labor department, which said that employers had created 162,000 new jobs in March.