Nymex Overview: Oil Up, Complex Set for Big Weekly Rise on Mideast Conflicts -- OPIS

By MarketWatch | Oct 4, 2024 at 12:40 PM EST

The U.S. jobs data for September exceeded expectations, causing oil futures to stabilize as it strengthened the U.S. dollar and reduced the likelihood of a significant interest rate cut. Crude prices rose, with both WTI and Brent on course for a substantial weekly increase.

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