Oil falls about 3% as strong US jobs data prompt interest rate concerns

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The story "Oil falls about 3% as strong US jobs data prompt interest rate concerns" was covered 1 months ago by The Star, a news publisher based in Malaysia.

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The Star 1 mo ago

Oil falls about 3% as strong US jobs data prompt interest rate concerns - The Star

Quick Summary:

Oil prices fell to over three-week lows on Friday in a volatile session, after strong US jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products.

Brent crude futures fell US$2.23, or 2.7%, to US$79.94 a barrel while WTI ended down US$2.49, or 3.3%, at US$73.39.

It hit a session low of US$79.72, its lowest since Jan.11.; window.dataLayer.push({'event': 'paywall_click','paywall_type' : 'subscribe'});">{{item.buttonleft}} {{item.buttonleft}} {{item.