Despite positive momentum, oil falls short once more
Oil prices are retreating in risk-averse trade today. The ADP report has clearly had a negative impact given it likely means we're facing another red-hot jobs report tomorrow and the prospect of higher rates for longer.
It also came at an opportune time, with the price flirting with the peak from two weeks ago, only to turn south having fallen just shy of surpassing it.
06-07-2023 10:27 GMT
by Craig Erlam
