Oil steadies ahead of US jobs report
==========
Brent crude futures rose 37 cents to $73.06 a barrel; U.S. West Texas Intermediate crude futures up 33 cents to $69.48; Oil prices steady as investors await U.S. employment data; Brent poised for over 7% weekly decline, WTI for almost 6%; U.S. non-farm payrolls data due at 1230 GMT; Economic signals mixed, affecting interest rate cut expectations; Brent settled at lowest since June 2023; OPEC+ decision to delay output increases; U.S. crude stockpiles fell by 6.9 million barrels to 418.3 million barrels; Bank of America lowered Brent price forecast for H2 2024 to $75 from nearly $90.
#Oil #Brent #Wti #Opec+ #UsJobs #Economy #Crude #Market #Forecast #Inventory
https://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-steadies-ahead-of-us-jobs-report/113128202
ETEnergyWorld /
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2024-09-06 12:37:14
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2024-09-06 12:37:14Event JSON
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"content": "Oil steadies ahead of US jobs report\n==========\n\nBrent crude futures rose 37 cents to $73.06 a barrel; U.S. West Texas Intermediate crude futures up 33 cents to $69.48; Oil prices steady as investors await U.S. employment data; Brent poised for over 7% weekly decline, WTI for almost 6%; U.S. non-farm payrolls data due at 1230 GMT; Economic signals mixed, affecting interest rate cut expectations; Brent settled at lowest since June 2023; OPEC+ decision to delay output increases; U.S. crude stockpiles fell by 6.9 million barrels to 418.3 million barrels; Bank of America lowered Brent price forecast for H2 2024 to $75 from nearly $90.\n\n#Oil #Brent #Wti #Opec+ #UsJobs #Economy #Crude #Market #Forecast #Inventory\n\nhttps://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-steadies-ahead-of-us-jobs-report/113128202",
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