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).
Crude prices edge down in Asia after early profits
On Thursday, crude reversed course and dipped in Asia, as market participants moved on from a lower than expected build in American crude stocks as well as a supply disruption in Libya and waited for the latest weekly rig count data from America for further guidance.
In New York, April delivery crude futures lost 0.02%, hitting $49.49 a barrel. Meanwhile, in London, Brent futures sank 0.19%, hitting $52.44 a barrel.
Meanwhile, traders turn attention to Baker Hughes rig count. The previous week’s data disclosed that the number of active American rigs drilling for crude grew by 21, the tenth weekly soar in a row. It increased the total count to 652, which is the most impressive outcome since September 2015.
Overnight, crude futures grew after the latest Energy Information Administration report revealed a smaller than expected soar in American crude stockpiles, while crude production disruptions in Libya kept lifting sentiment.
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 US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).