{"id":1642,"date":"2020-09-04T11:44:46","date_gmt":"2020-09-04T15:44:46","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=1642"},"modified":"2023-06-16T16:27:44","modified_gmt":"2023-06-16T20:27:44","slug":"petroleum-daily-report-9-4-2020","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-9-4-2020\/","title":{"rendered":"Petroleum Daily Report 9-4-2020"},"content":{"rendered":"\n<p><p align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/09\/Petroleum_Daily942020.pdf\" alt=\"Oil prices shed more than 3% on the day snapping a four week win streak as demand concerns continue. Prices were pressured by extended declines in the U.S. equities market and by a report showing U.S. job growth slowed further in August as financial assistance from the government ran out. The improving unemployment rate reported today actually hurts the chances of further stimulus from Washington \u2013 at least the market seems to think so. \u201cThe bigger market picture is overall bearish sentiment that kicked off with lower gasoline demand reports on Wednesday,\u201d said Paola Rodriguez-Masiu, analyst at Rystad Energy. WTI traded down $1.6 or -3.87% to close at $39.77. Brent traded down $1.41 or -3.2% to close at $42.66. Have a great safe labor day to all of our readers.\">Click here if viewing from mobile<\/a><br><embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/09\/Petroleum_Daily942020.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"950\"><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices were pressured by extended declines in the U.S. equities market and by a report showing U.S. job growth slowed further in August as financial assistance from the government ran out. <\/p>\n","protected":false},"author":2,"featured_media":1479,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-1642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Petroleum Markets Report for September 4th, 2020<\/title>\n<meta name=\"description\" content=\"Prices were pressured by extended declines in the U.S. equities market and by a report showing U.S. job growth slowed further in August as financial assistance from the government ran out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-9-4-2020\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Cohen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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