
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 prices ascended because both American crude output and inventories sagged, pointing to a tightening market.
Firm Chinese crude import data also underpinned oil, as market experts state.
With OPEC leading an output cut, market experts told that global crude markets were currently broadly balanced following years of oversupply.
American West Texas Intermediate crude futures hit $50.88 a barrel, rising 0.6% from their previous settlement.
American crude inventories went down 2.7 million barrels by October 6, hitting 462.22 million barrels, as the Energy Information Administration informed on Thursday.
Crude output slid 81,000 barrels a day reaching 9.48 million bpd.
Brent oil futures hit $56.51, soaring 0.5%.
Firm Chinese crude imports that averaged up to 8.5 million bpd between January and September, also underpinned oil prices, as financial experts stressed.
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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