Oil Prices Drop but Record Nearly 2% Weekly Gain

On July 5, 2024, oil futures dropped due to profit-taking after a week of solid gains. Investors reacted to the U.S. jobs report, which showed mixed signals about the labor market. West Texas Intermediate (WTI) crude for August delivery fell by 0.86% to $83.16 per barrel on the New York Mercantile Exchange. Brent crude for […]