Energy Currents: July U.S. Employment Report Bearish for Crude Futures

By Staff,

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Crude oil futures are moving lower this morning after July employment data showed U.S. companies added no net new jobs during August, missing experts' already modest forecasts for the period. October contracts are now down more than $2.50 per barrel in New York to trade around $86.40.

Brent contracts also plunged but recovered about half of its immediate drop within a few minutes of the 8:30 a.m. ET report.

At 8:55 a.m.

Oct WTI Crude Oil ( NY ) $86.37 -2.56

Oct Brent Crude ( ICE ) $112.64 -1.65

Oct Natural Gas ( NY ) $4.025 -0.025

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: ICE , NY

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