Crude Inventories Decline By 11.5 Million Barrels; WTI Oil Dives 2.5%
Oil traders react to EIA data and focus on Trump’s comments on Iran.
Tag: Commodities
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NAHB Housing Market Index Drops To 32; U.S. Dollar Tests Session Highs
Subscribe to information Scan QR Code to install the app Significant disconnectionThe materials provided on the website include general news and publication, our personal analysis and content provided by the third party, which are only for educational and research objectives. It does not form, and should not be read as any recommendation or advice to…
Michigan Consumer Sentiment Rises To 60.5; SP500 Drops Below 6000
The expectations of further inflation declined from 6.6% to 5.1%.
Oil Price News: Crude Oil Soars as Israel Attacks Iran, Spiking Supply Concerns
“Given that the strike is more directed by the IRGC and the Iranian military general employees, including the head of senior nuclear scientists, and that the US was not involved, it suggests that what we saw today was less than a pre-scoring strike and a continuous military conflict.” International response is important for a close…
Crude Inventories Fall by 3.6 Million Barrels; WTI Oil Tests Multi-Week Highs
Gasoline invention increased from last week to 1.5 million barrels.
U.S. Jobless Claims Hit 247K; Rising Averages Signal Labor Market Softening
Uncontrolled claims signal seasonal indication Inadvertently, early claims have declined by 1.5%, but the decline was less than 5%, which was weak-to-normal seasonal recruitment activity. Compared to this week in 2024, inadvertently the initial claims are more than 12,000. The insured unemployment on an inappropriate basis also fell from 18,524 to 1.757 million, slightly higher…
Labor Market Delivers Mixed Signals Despite Strong Payroll Gain
However, the federal government’s employment declined by 22,000 in May, a bottom trend that has shed 59,000 posts since January. Losing 8,000 jobs, the report also weighed on the report, while the retail trade fell by 6,500, which reflects a soft consumer activity. Unemployment rate flat, but participation metrix signal weakness The unemployment rate remained…
Lagarde Stays Cautious After ECB Rate Cut, EUR/USD Faces Pressure from Trade Risks
The ECB also reduced its 2026 inflation viewing, which cited the economic possibilities of the weak proximity and frequent global trade risks. Inflation of services has become first stubborn, quite cold. Nevertheless, Lagard indicated factors such as protecting the European Union and increasing the infrastructure expenses that could support medium -term development. American trade policy…
JOLTs Job Openings Rise To 7.391 Million; SP500 Tests Session Highs
The US Dollar Index has also tested the session high after releasing the report.
China Manufacturing PMI Slumps as Trade War Threatens Recovery, Job Market Weakens
On the policy measures of Beijing, Dr. Zay said: “In the context of the policy, the permanent effects of the earlier measures for the purpose of encouraging consumption require further evaluation, and follow -up action should be initiated on the basis of real circumstances. The important thing should be promoted that domestic demand should be…
April PCE Falls to 2.1%, Boosting Odds Fed Will Hold Rates Steady in Near Term
More information in our economic calendar.Personal income and expense paint mixed demand photo April also saw an increase of 0.8% in personal income, while disposable income posted a similar 0.8% profit. However, consumer spending increased by just 0.2%, which has been a slowdown for the first months. The actual personal consumption expenditure increased by only…
Michigan Consumer Sentiment Remains Unchanged At 52.2; SP500 Rebounds Above 5900
The expectations of further inflation increased from 6.5% to 6.6%. Importantly, long -lasting inflation expectations returned from 4.4% to 4.2% in May, which saw the first decline since December 2024. The University of Michigan remarked: “Overall, consumer does not consider the approach to the economy as worse than the previous month, but he was quite…
EIA Natural Gas Storage Build Of +101 Bcf Exceeds Analyst Estimates
Natural gas prices are under pressure as traders react to EIA reports.
US-China Trade War: Court Blocks Trump’s Liberation Day Tariffs; What’s Next?
The International Business court allegedly emphasized that the US Constitution gives the Congress, not the US President, the powers to regulate the business. It concluded that emergency powers do not override the Congress’ authority over commerce. The decision is a serious setback for President Trump, which is putting pressure on the US-Pasandida trade deals over…
Durable Goods Orders Slide 6.3% After Four-Month Climb; Transportation Down 17%
More information in our economic calendar.Defense orders also retreat rapidly The decline in demand related to defense was further exaggerated. Except for defense, the new orders were 7.5%below, reducing government procurement activity during the month. With the equation prevention and transportation, the broad manufacturing approach appears more neutral, suggesting instability in the headline figures cannot…