Strong NFP Boosts Crude Oil Prices
Better than expected US nonfarm payrolls data has caused markets to trade slightly optimistic at the start of this trading week.

WTI crude oil prices climbed higher on Monday, buoyed by a strong US employment report released on Friday. At the time of writing, WTI crude oil is trading at $57.66 per barrel.
Better than expected US non-farm payrolls data has caused markets to trade slightly optimistic at the start of this trading week. In June, job growth in the US witnessed a strong rebound from the disappointing figures which released in the previous month. In addition, government payrolls also witnessed a rise in the month of June.
However, crude oil continues to remain under pressure over the ongoing uncertainty in the markets over the US-China trade war. Even as talks are set to resume, there remains no clarity on how soon both sides will be able to work through their differences and finalize a trade deal.
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