Crude Oil Prices Slip With Stocks

0
648

oil

BY TIMOTHY PUKO

Oil prices retreated Friday, following stocks lower after the latest jobs data showed weaker-than-expected employment gains.
Analysts say the U.S. nonfarm payrolls are the most significant economic data point before the U.S. Federal Reserve’s meeting in September. They rose a seasonally adjusted 173,000 in August, compared with the 220,000 increase projected by economists surveyed by The Wall Street Journal.
Initially prices rose, a common theme in recent days as negative job data has spread optimism for more economic stimulus from central banks. But quickly traders reversed course and sold off across several markets.
The job numbers point to a still-sluggish economy and create pessimism about consumer demand, but are likely still good enough to for the Federal Reserve to possibly raise rates, analysts said.
“Read the Full Article at www.wsj.com >>>>”

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleVeterans jobless rates drop to historic lows
Next articleUri Avnery – The Unforgettable Face of a Boy