US Non-Farm Payrolls Miss Estimates as Unemployment Rate Rises, G7 Plans to Release Tens of Millions of Barrels of Oil and Gas Inventories

U.S. non-farm payrolls grew by just 29,000 in September, falling short of expectations, as the unemployment rate climbed to 4.2%; Federal Reserve officials signaled at least one more 50-basis-point interest rate hike. The G7 announced plans to release up to 100 million barrels of oil and gas inventories over a four-month period.