2024-02-02 15:18:42
WTI oil prices fell more than 2%, nearing the $72 level following the US revealed employment numbers rose more than expected. This will be a factor causing the US Federal Reserve (Fed) to hold interest rates high for longer than expected.
At 10:00 p.m. Thai time, the price of West Texas crude oil (WTI) for delivery in March. minus $1.68 or 2.28% to $72.14/barrel.
The US Department of Labor revealed that Non-agricultural employment figures increased by 353,000 jobs in January. Higher than analysts’ expectations of 187,000 positions.
Oil prices are also affected. After it was reported that negotiations for a truce between Israel and Hamas had made progress. This will end the fighting between the two sides.
Bloomberg News reported, citing sources, that Negotiations are currently underway to reach a truce between Israel and Hamas. Including the release of hostages held by Hamas. The agreement might be an important step in ending the four-month conflict.
In addition, oil prices are under pressure. After the release of sluggish Chinese economic figures Investors are worried that this will affect the demand for oil in the market.
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