Crude oil falls disgusted by confusion in US employment statistics

Since the results of the US employment statistics announced last week were mixed, traders are trying to determine the results.

According to employment statistics released on Friday, although the number of people employed in the non-farm sector exceeded expectations, the unemployment rate rose to a high level for the first time in two and a half years, and the wage increase rate fell to a low level for the first time in 3 years.

Furthermore, as the possibility of a cease-fire in Gaza has increased, the strong fuel demand outlook for summer has been overshadowed.

Meanwhile, investors are keeping a close eye on energy supply risks since Texas's largest port remains closed. Tropical storm Beryl strengthened its power into a hurricane and is expected to make landfall today.