Global oil prices on March 10 morning moderately fall on risk-free sentiment following the stock markets and in anticipation of continued tightening of monetary policy in the US, Report informs referring to the auction data.
The price of May futures for Brent crude fell by 0.58% to $81.12 per barrel, April futures for WTI derceased by 0.79% to $75.12.
Statistics on the labor market in the US will be published later during the trading. Analysts believe that the unemployment rate in the country in February remained at the level of January at 3.4%, while the number of jobs in non-agricultural sectors of the economy grew by 205,000 after an increase of 517,000 a month earlier.
Traders expect that the US Federal Reserve System (FRS) may increase the discount rate again later in March.
Asian stock indices, meanwhile, are falling, futures for US stock indices are also noticeably lower after the decline in Wall Street’s main stock indicators the day before.