Weekly Fundamentals, Brent Continues to Outperfom WTI on Iran Supply and Forties Output Cut

While moving at a modestly bearish tone for most of the week, financial markets strengthened on Friday as the US non-farm payrolls beat expectations. The number of jobs gained +163K in July, up from the downwardly revised +63K a month ago.The market had anticipated the July addition would be +100K. The unemployment rate climbed higher to 8.3% in July, as the number of unemployed increased by +45K