US job data is pressing oil prices

Oil prices dropped in light trading during vacations, after poor data on jobs in the United States and dropped in the prices of normal gas futures. West -texas -Inintermediate crude oil fell 0.7% to settle at less than $ 70 a barrel, while Brent prices fell by 0.4% to $ 73.26 a barrel. A decrease in US natural gas terms with more than 5% Thursday led to the pressure on the energy complex, after expectations indicated that the demand for heating had decreased from what was expected. Repeated requests for US unemployment benefits rose to the highest level in more than three years, which stopped an increase in the broader markets, which also affected the price of crude oil. Meanwhile, the decline in liquidity has exacerbated the movements of prison prices, as the total trading volumes of the ‘Western Texas’ rough trend to the lowest annual levels. These developments have removed the profits made earlier with oil prices against the backdrop of reports that China will give local officials more freedom to invest the returns of the government bonds, while the interest rates are currently being kept unchanged. In the same context, the US Petroleum Institute said that commercial crude shares decreased by 3.2 million barrels last week, which will be the fifth decline in a row if the official data is confirmed. Stock is usually dropped in the country in December before it has accumulated in the first months of the new year. The search for new incentives, Rebecca Babin, the main energy trader in the ‘CBC Private Wilde’ group, said: ‘There is not much momentum we carry after the new year. Traders are looking for January when Donald Trump is installed for new stimuli. Until then, the trade in the CIBC group in the CIBC group will be. Raw prices turn to a modest annual decline, although RAW has been limited to a narrow series since mid -October. By 2025, traders are looking forward to the potential effects of Donald Trump’s upcoming presidency, Beijing’s efforts to support the economy, global oil supply, with OPEC+planning to gradually alleviate restrictions after a series of delay.