WTI Moves Below $83.50 Amid Expectations of Increased Supply, US NFP Awaited

West Texas Intermediate (WTI) Oil price trades around $83.50 per barrel at the time of writing.

FXStreetJul 5 17:12

U.S. Oil Growth Is Slowing. What's Next for Prices. -- Barrons.com

Growing U.S. oil production has played an enormous role in the energy market since the pandemic.

Barron'sJul 5 14:30

Midday Crude Oil Analysis: Brent Crude Oil futures prices have fallen, and hurricane intensity has weakened.

Hurricane Beryl has weakened to a Category 2 hurricane with maximum sustained winds of 110 miles per hour. The storm is expected to reach the Yucatan Peninsula in Mexico on July 5th, bringing heavy rain, hurricane force winds, and storm surges.

Golden10 DataJul 5 12:29

Facing Non-Farm Payrolls: the first heavy data of trade in the second half of the year!

Why does the Non-Farm Payroll data tonight once again affect the nerves of global financial markets and traders?

Golden10 DataJul 5 10:46

Market concerns are being triggered by the poor implementation of production cuts. OPEC+ urges member countries to make up for quota cheating.

In the effort to support the global oil market, OPEC+ is pushing member countries to make up for cheating on supply quotas. However, there is little indication that they are changing.

Zhitong FinanceJul 4 19:55

Saudi Arabia's non-oil PMI index in June hit a new two-year low, while the UAE hit a new 16-month low.

1. In Saudi Arabia, the non-oil private sector PMI index fell to 55.0 in June, the lowest level since January 2022; 2. In the UAE, the growth of non-oil private sector has slowed to a 16-month low.

cls.cnJul 4 18:17