⚠️ The Trump administration is considering imposing 15% tariffs on some countries for 150 days;

📊 The number of initial jobless claims in the United States rose by 240,000 last week after increasing by 226,000 two weeks earlier;

🇺🇸 US GDP fell by 0.2% in the first quarter;

🛢According to the Energy Information Administration, US oil inventories fell by 2.7 million barrels last week, despite a forecast for growth of 1 million barrels;

🇯🇵 The Tokyo consumer price index, excluding food and energy prices, rose in April from 2% to 2.1% year-on-year.

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#wti #brent

🛢 WTI crude oil is trading at $61.90 per barrel.

🛢 The upcoming OPEC+ meeting, scheduled for Saturday, remains the focus of traders. OPEC+ countries are expected to agree to increase production by 411 thousand barrels per day in July. In the context of limited demand, the increase in supply will most likely cause an oil surplus.

📊 Macroeconomic data from the US and the eurozone confirm this view. US GDP contracted by 0.2% in the first quarter, while consumer spending declined. It seems that businesses and consumers are postponing their purchasing decisions, fearing Trump's unpredictable trade policy.

📰 In addition, market participants are expecting the sixth round of talks between the US and Iran, which may take place in two weeks. If the parties sign an agreement on the nuclear deal, Iran will also increase hydrocarbon exports.

📉 According to analysts, oil retains the potential for decline.

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📆 June 2 – June 7, 2025

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Please note that this schedule is intended for informational purposes only and may be subject to change.

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⚠️ US President Donald Trump said China is not living up to the trade deal reached between the countries in Switzerland;

📰 US President Donald Trump said he plans to double steel and aluminum import tariffs from 25% to 50% to put pressure on global producers;

🏛 US appeals court has stayed the ruling of a US federal court that previously blocked Trump's trade tariffs;

🛢 The Organization of the Petroleum Exporting Countries (OPEC+) agreed to increase oil production in July by 411,000 barrels per day;

📊 The core US personal expenditure index (PCE) fell last month from 2.7% to 2.5% year-on-year, confirming the disinflationary trend.