Oil Rises, Gold Soars, US Stocks End Gains Before Jobs Release

Oil Rises, Gold Soars, US Stocks End Gains Before Jobs Release

Oil prices rose on Thursday (June 2) after USเว็บสล็อต ฝากทรูวอลเล็ตpetroleum stockpiles dropped more than expected amid increasing demand Wall Street closed positive and gold surged. Investors await data on important American labor sectors. that is scheduled to be published at the end of the week

West Texas Crude Oil Contract Intermedia or light sweets For July delivery was up $1.61 to close at $116.87 a barrel. Brent North Sea London August delivery was up $1.32 to close at $117.61 a barrel.

US Energy Information Administration data. The country’s crude inventories fell 5.1 million barrels last week, down 414.7 million barrels, more than analysts had expected a drop of around 1.5 million barrels.

In addition, oil prices were also supported by the sixth round of sanctions package imposed by the European Union against Russia. The approval on Thursday included a ban on new insurance contracts for Russian oil tankers and a gradual abandonment of the existing six-month contract.

US stock market It closed positive on Thursday (June 2) after moving down for two days in a row before the release of key employment data. As investors reflect on its implications for inflation and the Fed’s monetary policy.

Dow was up 435.05 points (1.33 percent) at 32,248.28 S&P was up 75.59 (1.84 percent) closed at 4,176.82 Nasdaq was up 322.43 (2.69 percent) closed at 12,316.90.

Automatic Data Processing, Inc. (ADP) and Moody’s Analytics announced that private sector employment in the United States. added just 128,000 jobs in May, the lowest level since April 2020, when the United States Facing the COVID-19 epidemic and below analyst expectations at 299,000 positions.

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