Oil prices rose this morning as investors await the latest US employment report.

US crude gained 21¢ to stand at $92.14 barrel, while Brent crude increased by 1¢ to $113.24 a barrel.

The US jobless benefits claims report and non-farm payroll data will give a clear picture about whether the US recovery is faltering, according to Reuters.

Meanwhile, the European Union acknowledged that investors are doubting whether the eurozone can overcome its debt crisis.