Wall Street hesitates at the close of the first June session
June 2, 2021
LIVE MARKETS-May jobs report deep dive: Hot + cold = just right – Reuters
June 7, 2021US benchmark oil prices are little changed, down 0.1% at $68.75 a barrel, and the global benchmark Brent is down 0.1% at $71.27 a barrel as they stay near multi-year highs due to data showing US oil inventories continue to fall amid surging demand. Trade group API late yesterday reported a large, 5.4-million-barrel weekly drop in US oil stockpiles. The official EIA report is due at 11am ET, and analysts surveyed by WSJ forecast a 2.3M-barrel decline. “Crude Oil prices are holding firm after yesterday’s strong advance and are showing very little indication of pulling back,” says Spartan Capital’s Peter Cardillo.
