Oil Prices Trim Gains as U.S. Jobs Data Delays Rate Cut Expectations Oil prices trimmed gains on Friday due to heightened demand concerns after stronger-than-expected U.S. jobs data diminished hopes for an imminent Federal Reserve rate cut. Brent crude rose by 12 cents to $79.99 a barrel, and U.S. West Texas Intermediate increased by 28 cents to $75.83. The robust jobs report suggests that rate cuts may be delayed until at least September, impacting expectations for economic activity and oil demand. Despite this, OPEC+ support from Saudi Arabia and Russia has helped stabilize prices. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts A Rare Kennedy Book: Will RFK Jr. Sign It at Limitless? READ MORE Silver's Hidden Potential: The Path to $50? READ MORE US Economy Q2 Growth Revised Up to 3% on Strong Consumer and Business Activity READ MORE The Paradox of Gold: Prices Soar While Retail Investors Step Back READ MORE New Report Outlines Potential Paths to Sustainable US Debt READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment