
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 Thursday, crude prices rebounded modestly in Asia because markets are waiting for full details of a widely anticipated extension of OPEC-led output curbs.
In New York, January delivery crude futures tacked on 0.21% being worth $57.42 a barrel. Meanwhile, in London, Brent futures added 0.32% reaching $62.73 a barrel.
OPEC along with key ally Russia is going to extend output curbs for up to nine months. Nevertheless, they’re on the verge of reviewing the deal in June of 2018 based on market conditions.
On Wednesday, six ministers from OPEC as well as non-OPEC crude producers including Russia and Saudi Arabia met in Vienna and made up their mind to extend the crude output curbs of 1.8 million barrels a day to the end of next year. They also discussed other related matters without providing further details.
Overnight, oil settled lower after data disclosing crude stockpiles dived for the second straight week didn’t manage to compensate a sudden build in product inventories ahead of the OPEC gathering.
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?
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
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.
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