Energy Currents: Crude Prices Plunge as U.S. Employment Disappoints

By Staff,

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Crude oil futures tumbled after U.S. employment figures showed only 18,000 new jobs were created in June, far below forecasts. The front-month August contract had been trending higher this morning before the 8:30 a.m. ET headline, pushing past $99.00 a barrel, only to slide more than $2.50.

Brent futures followed the same pattern although the declines were not as steep.

At 9 a.m.

AUG WTI Crude ( NY ) $96.73 -1.94

AUG Brent Crude (ICE) $117.39 -1.20

AUG Natural Gas $4.168 +0.035

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: NY

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