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 Chinese Gold Appetite Wanes as Prices Soar and Economy Slows READ MORE Schroders Investment Insights: The Case for Gold in 2024 READ MORE Junk Bonds Surge Amid Broad Market Rally and Investor Optimism READ MORE Gold Price hits new All Time Highs amid huge increase in Volatility READ MORE The Real Estate Guru Who LOST IT ALL & Came Back STRONGER READ MORE Add a Comment Cancel replyYour email address will not be published.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