- Analytics
- News and Tools
- Market News
- Oil prices hits multi-month lows after the release of the U.S. labour market data as the U.S. dollar strengthen
Oil prices hits multi-month lows after the release of the U.S. labour market data as the U.S. dollar strengthen
Oil prices hits multi-month lows after the release of the U.S. labour market data as the U.S. dollar strengthen. The U.S. economy added 215,000 jobs in July, missing expectations for a rise of 223,000 jobs, after a gain of 231,000 jobs in June. June's figure was revised up from a rise of 223,000 jobs.
The U.S. unemployment rate remained unchanged at 5.3% in July, in line with expectations. It was the lowest level since April 2008.
Average hourly earnings rose 0.2% in July, in line with forecasts, after a flat reading in June.
Concerns over the global oil glut grow due to a global economic slowdown and a nuclear deal with Iran and as oil production continues to increase.
Market participants are awaiting the release of the number of active U.S. rigs later in the day.
WTI crude oil for September delivery dropped to $43.94 a barrel on the New York Mercantile Exchange.
Brent crude oil for September fell to $48.89 a barrel on ICE Futures Europe.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
