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The $75 level is an area that people will have to pay close attention to, because not only is it a large, round, psychologically significant figure, but is also an area where we have seen noise previously. above, which sits just below the $80 level. $80 level is a large, round, psychologically significant figure as well, and of course, an area where we’ve seen some noise.Ultimately, with the Non-Farm Payroll announcement coming out on Friday, it’s probably a situation where we are going to have a lot of noise more than anything else. With the jobs number, the idea of whether the Federal Reserve will have to tighten even further.
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Oil stable as market awaits signs of China demand recoveryOil prices were little changed on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies.
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