Brent Closes in on $86 Further Buoyed by Jobs Data ...Middle East

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Brent Closes in on $86 Further Buoyed by Jobs Data
source : OILPRICE ( Middle East ) () 33
Brent crude and the U.S. benchmark West Texas Intermediate found their footing again on Thursday amid escalating tensions between Israel and Lebanon, on the brink of an all-out war, and further buoyed by jobs data showing lower first-time unemployment claims last week, though all indications are that the U.S. jobs market is still cooling. Brent hit a seven-week high on Thursday, trading up 0.62% at $85.60 at 2:15 p.m. ET, as this week’s jobs data lent more optimism of a rate cut at some point this year.  WTI, the U.S. benchmark, was…

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