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Russia cuts natural gas with unlimited duration, Europe’s energy crisis worsens, and Russia says it will take retaliatory measures against EU proposal to cap oil prices, geopolitical tensions intensified. Coupled with OPEC+’s announcement to cut production by 100,000 barrels per day from October, oil prices continued its upward momentum and continued to climb. However, if the Iran Nuclear Deal is successfully reached, it will help meet European energy needs and hit oil prices, so investors must pay attention to the progress of the Iran nuclear negotiations.
The trend of USOil can be paid attention to…
-Latest news on the Russian-Ukrainian war
-Federal Reserve Chairman Jerome Powell & multiple officials speak
-EU holds energy emergency meeting to discuss response plans to the energy crisis(9/9, time to be determined)
-21:45 US Markit Service PMI final value (August)
-22:00 US ISM Non-Manufacturing PMI (August)
-17:00 The final value of the annual rate of GDP in the second quarter of the Euro
-02:00 The Federal Reserve announces the Beige Book of economic conditions
-04:30 US API Crude Oil Inventories for the week ending 9/2
-20:15 ECB Interest Rate Decision
-20:30 US Unemployment Claims for the week ending 9/3
-23:00 US EIA Crude Oil Inventories for the week ending 9/2
-16:30 Bank of England announces inflation survey report
-22:00 U.S. Wholesale Sales (MoM) (July)
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.