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).
In Asia crude shows further revenues on Trump’s Korea comments
On Friday, in Asia, crude extended revenues, following Donald Trump’s comments on North Korea, setting the stage to risk-on for many financial assets. Meanwhile, traders shifted their attention to next month’s supply figures from OPEC as well as the Paris-based International Energy Agency.
In New York, June delivery rude futures leapt 0.90%, being worth $49.41 a barrel. Simultaneously, in London Brent futures showed $52.03 a barrel.
Overnight, crude futures headed south, suppressed by a soar in global output after two of Libya’s major oilfields resumed output.
Libya’s Sharara as well as El Feel oilfields, generating 390,000 barrels per day, have restarted as protests blocking pipelines stopped.
The restart of major Libyan crude fields came just a day after the Energy Information Administration published a report, unveiling a greater than expected drawdown in American crude inventories.
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 USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…