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Oil price rebounded more than 20%!, The first negative non-agricultural or release in the United States in 10 years

Oil price rebounded more than 20%!

US President Trump posted on a social networking site that after powering up with Saudi Crown Prince Mohammed, he hoped and expected that Russia and Saudi Arabia could cut crude oil production by 10 million barrels or more per day in the future. Earlier, according to the Saudi Arabian News Agency (SPA), Saudi Arabia called on the oil group alliance to hold an emergency meeting and seek a balanced oil price and fair transactions. As for Russia, Energy Minister Novak pointed out that Russia has no plan to increase oil production because the oil market still has oversupply and may resume oil negotiations with Saudi Arabia. The news strengthened the market's expectation that the oil-producing countries would return to the oil negotiations, driving international oil prices to rebound significantly by more than 20%.

 

The first negative non-agricultural or release in the United States in 10 years

On Thursday, the number of unemployed people in the United States surged to a record high of more than 6.6 million people last week, and the Fed said that the US economy has fallen into recession, so gold rose 1.4% and hit the 1620 mark. However, the US dollar once again stood at the 100 mark on Thursday to partially limit the rise in gold. However, gold ETF positions continue to refresh the three-and-a-half-year highs, and the Fed may further expand easing measures to further reduce the cost of holding gold, and also constitute support for gold prices. Focus on non-agricultural data within the day, it is expected that this will be the first negative non-agricultural in 10 years.

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