Intraday USOIL Focus On NonFarm Payroll, Can The Market Maintain The Rally?
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Although U.S. crude oil inventories rose sharply last week, a Russian court ordered to stop crude oil shipments from Black Sea terminals, leading to tighter supply concerns and an intensified energy crisis in Europe, boosting oil prices up 4%, and oil prices are expected to continue to rise in the short term. However, investors should pay attention to today’s major data, which is US non-farm payrolls data and the unemployment rate. If the data shows that the US economy is in recession, the short-term gains of oil prices will be limited.
The trend of USOil can be paid attention to…
Latest news on the Russian-Ukrainian war
20:30 US Unemployment Rate (June)
20:30 US Non-Farm Payroll (June)
22:00 US Wholesale Sales (MoM) (May)
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
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