{"id":14831,"date":"2011-09-02T16:55:38","date_gmt":"2011-09-02T14:55:38","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14831\/oil-plunges-as-payrolls-disappoint\/"},"modified":"2011-09-02T16:55:38","modified_gmt":"2011-09-02T14:55:38","slug":"oil-plunges-as-payrolls-disappoint","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14831\/oil-plunges-as-payrolls-disappoint\/","title":{"rendered":"Oil Plunges as Payrolls Disappoint"},"content":{"rendered":"

The US job market remained sluggish in August. Against consensus of a +90K increase, non-farm payrolls were unchanged from a month ago while July's addition was revised lower to 85K. The unemployment rate stayed at 9.1% during the month. Risk appetite dropped after the data with Wall Street slipping for the second day. In the commodity sector, the front-month contract for WTI crude oil price plunged to a 4-day low of 85.42 while the equivalent Brent crude contract fell to 111.36, the lowest level in 3 days. On the contrary, gold jumped to a 1-week high of 1884.6 as the US dollar dropped and demand for safe-haven assets increased on deteriorating US outlook.<\/p>\n

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\nOil Plunges as Payrolls Disappoint<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The US job market remained sluggish in August. Against consensus of a +90K increase, non-farm payrolls were unchanged from a month ago while July's addition was revised lower to 85K. The unemployment rate stayed at 9.1% during the month. Risk appetite dropped after the data with Wall Street slipping for the second day. In the commodity sector, the front-month contract for WTI crude oil price plunged to a 4-day low of 85.42 while the equivalent Brent crude contract fell to 111.36, the lowest level in 3 days. On the contrary, gold jumped to a 1-week high of 1884.6 as the US dollar dropped and demand for safe-haven assets increased on deteriorating US outlook. <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14831","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=14831"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14831\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}