Crude oil price on the Brent benchmark is extending losses into the second day after the better-than-expected non-farm payrolls report released this afternoon by the Bureau of Labor Statistics. Crude oil price had initially spiked on Wednesday following the bomb blast in Lebanon that was initially feared to be a terrorist attack. The Lebanese government has since dispelled this notion and indicated that the source of the explosion was a large cache of ammonium nitrate, stored in the port area of Beirut. The Lebanese government’s announcement immediately took away bullish momentum from the asset, allowing the bears to ... (full story)