As of Friday, September 7th, oil prices grew. This was a reaction to the US unemployment stats for August and the expectations further steps by the FRS. The data came out positive – the rate of unemployment declined by 0.2% down to 8.1% in August. The Federal Reserve is to hold another meeting on Thursday.
The WTI (Light Sweet Crude Oil) futures for October delivery appreciated in value by $0,89/b up to $96,42/b.
The Brent futures for October delivery gained $0.76/b up to $114,25/b.
The chart below, courtesy of , reflects the current state of affairs in the market of Light Sweet Crude Oil:
