According to the United States Bureau of Labor Statistics (BLS) on August 21, the US government indicated a downward revision of 818,000 jobs from April 2023 to March 2024. It marked the largest adjustment since 2009 and was the second-largest on record.

Due to this significant downward revision, international crude oil prices fell on August 21.

West Texas Intermediate (WTI) crude for October delivery decreased by US$1.24 (1.69%), reaching US$71.93/barrel on the New York Mercantile Exchange. Brent crude for October delivery fell by US$1.15 (1.49%), settling at US$76.05/barrel.