US jobs report beats forecasts with 130,000 increase in January – business live

Wall Street futures extend gains after the data; unemployment rate dips to 4.3%

The oil cartel Opec has stuck to its forecast that world oil demand for crude from the wider Opec-plus producer group, including Russia, will drop by 400,000 barrels a day in the second quarter, from the first three months of the year.

Global demand for OPEC+ crude will average 42.2m bpd in the second quarter, OPEC said in its monthly report report, down from 42.60 million bpd in the first quarter. Both forecasts were unchanged from last month’s report.