
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 Monday, oil rebounded in Asia ahead of a July 24 gathering on OPEC as well as allies to review progress on output drops.
September delivery American West Texas Intermediate crude futures leapt 0.15% hitting $45.84 a barrel. In London, September delivery Brent crude futures grew 0.21% being worth $48.16 a barrel.
On Wednesday, the major US bank will provide its fresh view on rates ahead of the first look at American second quarter surge on Friday.
Last week, on Friday, oil prices settled lower for the second trading session in a row, concluding at its weakest level in nearly a week because market sentiment soured amid signs that supply from OPEC was braced for climbing notwithstanding the cartel's agreement to tame output.
On Friday, crude declined after tanker-tracking firm PetroLogistics informed that in July crude output from OPEC members was expected to soar by 145,000 barrels a day from last month.
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 first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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