New Overnight Developments Abroad - Daily Update
Quick Shift in Market Focus from U.S. Political Chaos to the Price of Oil and Tomorrow’s U.S. Jobs Report
October 5, 2023
The price of West Texas Intermediate crude oil plunged around 12% from last Friday’s high of $93.68 to an overnight low of $82.35. The much lower-than-presumed 89k estimated September rise in private U.S. jobs by ADP has raised concerns about U.S. and world demand. So has a surprisingly big increase in U.S. oil inventories last […] More
