Oil markets rose today on hopes that Greece would win enough creditor support to avoid a messy default, while US jobs data also supported prices.

Following yesterday’s losses, oil recovered after major banks and pension funds supported Greece’s bond swap offer, reports Reuters.

Brent climbed 14 cents to $124.26 a barrel, while US crude rose 14 cents to $106.30.

In addition, the private sector in the US added 216,000 jobs last month, according to the ADP National Employment Report, 8,000 more than economists predicted.