Oil Prices Crash After Perky Jobs Data

By Julianne Geiger – Feb 03, 2023, 12:19 PM CST

Crude oil prices fell on Friday afternoon following reports of strong U.S. jobs data, with WTI crashing by more than 2.5% to $73.88

The U.S. January jobs report indicates that the jobs market is stronger than expected, with employers adding 517,000 in January. This compares to economists that had expected employers had added 185,000 jobs in January.

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Crash-After-Perky-Jobs-Data.html

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