Oil Prices Slump On US Payrolls Data

Published on Monday, 07 May 11:04 am

World oil prices nosedived on Friday, hitting three-month lows as a disappointing US non-farm payrolls report sparked fresh concern over energy demand in the US. Brent crude for June delivery tumbled to as low as $111.76/B, hitting the lowest point since 2 February, while US WTI crude sank to $97.83/B, striking a point last seen on 10 February.

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