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Sharp Decline Amid Rising Oil Price on U.S. Stock Market

Sharp Decline Amid Rising Oil Price on U.S. Stock Market

The U.S Stock markets saw a significant drop in early trading as last month’s employment data showed a notable downturn. According to RTHK, non-farm payrolls unexpectedly decree by 92,000 and the unemployment rate rose to 4.4%.

Oil price experience a significant surge, with London Brent Crude surpassing $90 per barrel for the first time in nearly two years, recently reported at $91.51, up over 7%. British and American crude oil have increased by approximately 50% and nearly 56% respectively this year.

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WiseKing
WiseKing

Writer and Researcher of Academic content


EduCrypto
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