Oil prices settled down by $1 a barrel on Wednesday after the U.S. government revised sharply lower a set of employment statistics closely watched by investors.
Brent crude futures settled down $1.15, or 1.49%, at $76.05 a barrel. U.S. West Texas Intermediate crude futures settled $1.24 lower or 1.69% at $71.93.
U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Wednesday.
The department's estimate for total payroll employment for the period from April 2023 to March 2024 was lowered by 818,000.
Source : Reuters
