Oil Prices Fall amid Weaker-than-Expected U.S. Jobs Report

Oil prices declined on Friday as market sentiment was dented by a disappointing U.S. jobs report, Trend reports citing Xinhua.
The West Texas Intermediate for October delivery lost 70 cents to settle at 69.29 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery decreased 42 cents to close at 72.61 dollars a barrel on the London ICE Futures Exchange.
The U.S. labor market data became a focus.
Total nonfarm payroll employment in the United States rose by 235,000 in August, the U.S. Bureau of Labor Statistics reported on Friday. Economists surveyed by The Wall Street Journal were expecting 720,000 jobs.

About Parvin Faghfouri Azar

Check Also

Lower Natural Gas Prices Squeeze Big Oil’s Profits in Q1 2024

Much lower natural gas prices this year compared to 2023 dragged down profits at some …

Leave a Reply

Your email address will not be published. Required fields are marked *