Download, S&P 500, Nasdaq Futures Edge higher after a better job report than expected

Oil prices fell after publishing the most powerful gains in almost two weeks, as investors monitored the ongoing US trade negotiations and the upcoming OPEC+ meeting this week.

Bloomberg reports:

Brent (Bz = fNearly $ 69 a barrel was traded after 3 % on Wednesday, with West Texas Medium (Cl = f) Above $ 67. President Donald Trump said he concluded a commercial deal with Vietnam, which will be the third that was announced only agreements with the United Kingdom and China, before the deadline on July 9 to reach the agreements.

Crude has been exposed in recent weeks, as it has risen and retreated alongside the geopolitical risks in the Middle East, despite the decrease in fluctuations and folders in recent days before Friday. The focus is due to the commercial talks, the related definitions that threaten oil demand, as well as the OPEC+ meeting on Sunday, where it is widely expected that the group will agree to increase another bumper in the display shares.

“While commercial optimism provided an oil price, the sustainability of this step is likely to be short -term,” said Warren Patterson, head of the commodity strategy at GroP NV. “OPEC+ is scheduled to decide the output levels in August this weekend, so the market will be careful to bear a lot of risks on the long weekend in the United States.”

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