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Newsquawk Week Ahead: US CPI, BLS revisions, ECB, OPEC, French Vote, China CPI, Japan GDP
- Next week, highlights include US CPI, the BLS benchmark revisions, ECB rate decision, OPEC-8, French No Confidence Vote, Chinese Inflation & Trade, Japanese GDP, and the latest Apple Event
OPEC+ likely to agree to another production increase on Sunday - report
- Oil finished at $61.87 on Friday
Saudi Arabia wants OPEC+ to speed up next oil production boost
- Saudis want to continue to open the taps
Oil falls before OPEC+ output decision as U.S. crude stocks surprise with sharp build
- Oil dips ahead of OPEC+ meeting on possible output hike, U.S. inventories surprise higher.
US EIA weekly oil inventories +2415K vs -2031K expected
- Weekly crude oil storage data from the EIA
Oil: private survey of inventory shows a headline crude oil build vs draw expected
- This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
OPEC pumped more in August and could be on track to announce another boost
- The barrels just keep on coming
OPEC+ to consider another output hike at Sunday meeting
- Reuters with the report citing sources
WTI crude oil settles higher by $1.58
- Nice day for the oil bulls
Oil prices turn higher after being bounced around
- Crude oil $1.60
What does September normally have in store for markets?
- A quick look at some of the more popular seasonal trends for the month
Red Sea shipping security alert: vessel near Saudi port reports projectile incident
- This may be of interest to oil traders with markets opening for the new week soon. The good news is the ship and crew are all safe.
Baker Hughes US oil rig count 412 vs 408 expected
- Weekly oil and gas drilling data from Baker Hughes
Iran’s foreign minister hits back at France, Germany and United Kingdom
- The FM says the E3 have no legal jurisdiction to trigger automatic re-imposition of sanctions on Iran
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