Crude oil dropped as weak US jobs report dimmed outlook for energy demand By Kedia Advisory – Investing.com India

Crude oil prices fell due to a disappointing US jobs report, signaling a potential slowdown in economic activity. This weakness dampened the outlook for energy demand, as a weaker economy typically requires less oil for transportation and manufacturing. The report raised concerns about the pace of economic recovery in the US, leading investors to anticipate lower oil consumption.

News summary provided by Gemini AI.