Brent Crude Oil trades at $85.34 per barrel, after ending yesterday at $85.42.
United States Non Farm Payrolls is next today at 13:30 UTC.
Uncertainty around ICE Brent crude is reflected by published market data as United States ISM Manufacturing PMI (Nov) released yesterday at 15:00 UTC with a figure of 49, while the previous figure was 50.2. United States Core PCE Price Index (MoM) (Oct) came out at 0.2, while a consensus of analysts was expecting 0.3. United States Initial Jobless Claims beat analyst expectations of 235,000 and the previous reading of 241,000 with new data of 225,000.
Furthermore, the market is looking at projections for United States Non Farm Payrolls are set for a continuation of decline with 200,000 while previous data was 261,000; data will be released today at 13:30 UTC. United States Unemployment Rate is expected today at 13:30 UTC.
Brent crude oil traded as high as $129.12 before shedding 26.67% lower over the past six months.