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CRUDE OIL EDGES LOWER ON WEAK US NFP REPORT

ADSS

Traders were concerned about the disappointing jobs report signalling a slowdown in the economic rebound, which would adversely impact the demand for fuel. Despite the downturn on Friday, a slow recovery in the Gulf of Mexico operations post Hurricane Ida helped oil prices record gains for the week.

ADSS Review

Source: https://www.adss.com/en/market-updates/research/crude-oil-edges-lower-on-weak-us-nfp-report/
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