US Department of Labor released data on August 4th, the data showed that US new employment growth is more than expected, the unemployment rate fell slightly to 4.3%, the lowest in these 16 years.
Analysts said the market believed that strong employment reports can lead to US energy demand growth and good oil prices. US Energy Information Administration recently reported that US gasoline demand increased to 9.842 million barrels per day, breaking the previous record.
By the end of the closing day, the New York Mercantile Exchange The futures price of light crude oil delivering in September rose by $ 0.55 and closed at $ 49.58 a barrel with an increase of 1.12%. The futures price of London Brent crude oil delivering in October rose by $ 0.41 and closed at $ 52.42 a barrel with an increase of 0.79%.
We're Here to Help