
The Us Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on June 3, 15:30 MT time (GMT+3).
On Monday, Brent crude rallied to $70 a barrel, underpinned by everlasting output cuts led by OPEC as well as Russia, and neglecting a soar in the US and also Canadian drilling activity, pointing to higher future output in North America.
Brent crude futures LCOc1 demonstrated an impressive $70 reading, gaining 3 cents from their previous settlement.
American West Texas Intermediate crude futures hit $64.53 a barrel, adding 23 cents.
The previous week both oil benchmarks hit levels not observed since December 2014 - Brent touched $70.05 a barrel, WTI hit $64.77.
On Monday, ANZ bank told that crude prices had recently soared on data, which kept showing the market is tightening.
Crude markets have been underpinned by output cuts led by the Organization of the Petroleum Exporting Countries as well as Russia. Both cuts are braced for propping up oil prices.
The cuts emerged in January 2017 and are set to continue through 2018. The cuts have coincided with healthy demand surge, spurring oil prices by more than 13% since December.
The Us Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on June 3, 15:30 MT time (GMT+3).
The Organization of Petroleum Exporting Countries will hold a meeting on June 2.
This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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