
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 Thursday, crude rallied on a reported dive in American crude inventories. Another factor contributing to surge was the fact that Nigerian rebels threatened to have the country's petroleum infrastructure attacked.
However, oil prices stood below recent three-year maximums because fuel supplies are still rich and refineries reduced the overall number of operations.
Brent crude futures hit $69.56, adding 0.3% from their previous settlement. On Monday, these futures reached their highest value since December, 2014, demonstrating a reading of $70.37 a barrel.
American West Texas Intermediate crude futures showed $64.25 a barrel, gaining 0.4% from their previous close. On Tuesday, WTI futures marked a December-2014 maximum of $64.89 per barrel.
Market participants told that oil prices had been underpinned after news that Nigeria's militant group dubbed Niger Delta Avengers threatened to attack the country's crude industry soon.
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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