October crude oil traded lower throughout during the early morning hours, pressured by European debt concerns and fears of a weaker than expected US jobs report. While yesterday's US manufacturing data averted contraction territory and briefly put recession concerns at bay, ideas that the August Non-Farm Payroll data will disappoint has brought recession fears back into focus. The market is looking for the US economy to have added around 70,000 jobs in August, but some private forecasters are looking for a much smaller number. Prospects for the US economy falling back into a recession has the potential to trim demand for crude oil, and more evidence of a slowdown is liable to weigh on October crude oil prices.