
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 Friday, crude markets stood firm because the Forties pipeline outage in the North Sea as well as the everlasting OPEC-led output cuts underpinned the commodity, while ascending output from the USA kept oil from soaring further.
American West Texas Intermediate crude futures hit $57.13 a barrel, soaring 9 cents from their previous settlement.
As for Brent crude futures, they reached $63.35 a barrel, gaining cents from their previous close.
Market participants told that in general markets were well underpinned by efforts led by OPEC and Russia to tame supply just to prop up crude prices.
The everlasting outage of the Forties pipeline that carries North Sea oil to the UK, was also backing crude prices because inventories around the globe were being drawn down.
As Goldman Sachs stressed, market conditions enabled the major crude companies to enter "an upbeat earnings-revision cycle" and it should help them to have their capital re-employed at double-digit returns.
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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