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).
Oil edges up on signs of tighter market
On Wednesday, crude prices rallied, soaring for a third day, following signs that markets are actually tightening after years of oversupply. However, the outlook for 2018 was still unclear.
American West Texas Intermediate crude futures gained 0.3% from their previous settlement. Brent crude futures hit $56.69, soaring 0.1% from their previous close.
Traders told that on Wednesday they would consider US fuel inventory data, while on Thursday they will closely watch indicators on price direction.
The American Petroleum Institute is expected to publish its data for the previous week on Wednesday at 2030 GMT, while the US Department of Energy's report will be unveiled on Thursday.
As financial experts stressed, short-term conditions seemed tightening.
Price support is also ensured by economic surge, which the International Monetary Fund forecast late on Tuesday would account for 3.6% worldwide in 2017 and 3.7% next year.
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?
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.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…