Highlights NYMEX WTI highest since 0ct. 31, 2014 US jobs report misses expectations, unemployment at pandemic low Europe energy squeeze stalks market Crude oil futures settled higher Oct. 8 on the back of tightened supply balances and a weak US employment report that may present headwinds to an increasingly hawkish US Federal Reserve. NYMEX November WTI climbed $1.05 to $79.35/b and ICE December Brent finished up 44 cents at $82.39/b. US non-farm payrolls climbed by 194,000 jobs in September, US Department of Labor data showed Oct. 8, down from 366,000 in August and well below market expectations of around 500,000. Oil futures paradoxically moved higher following the report, in part due to the fact that the weak print may add headwinds to a recent hawkish pivot in US Federal Reserve monetary policy, analysts said. NYMEX […]