Oil pushes higher on Iran sanctions, jobs data

By David Gaffen NEW YORK (Reuters) - Oil prices rose on Friday after the United States imposed sanctions on some Iranian individuals and entities, days after the White House rebuked Tehran for a ballistic missile test. The strong U.S. January jobs figure was also supportive, as it suggests ongoing strength in energy demand. Front-month U.S. West Texas Intermediate crude futures settled up 29 cents, or 0.5 percent, to $53.83.