BANGKOK — The price of oil rose today after sharp losses due to high supplies and weak U.S. employment figures.

Benchmark oil for May delivery was up 77 cents to $93.47 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 56 cents to close at $92.70 on Friday and was down 5 percent from midweek.

The price of oil fell after a weak jobs report cast doubt on the strength of the U.S. economy.

The Labor Department reported Friday the economy added 88,000 jobs in March, the fewest in nine months.