
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 Wednesday, crude prices went down because soaring output from Libya contributed to worries as for soaring American output, undermining OPEC-led output cuts aimed at tightening the energy market.
Brent crude futures hit $51.66 a barrel, sliding 0.4% from the previous close.
US West Texas Intermediate crude futures reached $49.37 a barrel, losing 0.6% from their previous settlement.
Market participants told that the price drops were caused by higher output in conflict-torn Libya. This country contributed to a relentless ascend in American crude output.
Libya's crude outpu8t is expected to ascend to 800,000 barrels per day already this week, as state-run National Oil Corporation informed on Monday.
It would probably spur its exports. According to shipping data in Thomson Reuters Eikon, excluding pipeline exports, Libya managed to ship out an average of 500,000 bpd of oil in 2017, unlike 300,000 bpd delivered last year.
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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