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Key points: Brent crude futures fell to $79.58, and WTI crude futures dropped to $75.49 per barrel. Strong US jobs data pushed out expectations for interest rate cuts, strengthening the US dollar. Call for snap legislative elections by Macron adds …
Key points: US nonfarm payrolls exceed expectations with 272,000 new jobs in May. Strong job gains complicate the trajectory of the anticipated rate cut by the Federal Reserve. A high interest rate prospects boost the US dollar and impact gold …
The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which …
Key points: Brent crude futures rise to $79.89 per barrel; WTI crude futures reach $75.59. Oil prices supported by reassurance from Saudi Arabia and Russia about potential adjustments to supply agreements. Prices set for the third consecutive week of declines …
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