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The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12. The monthly employment report for May is set for release at 8:30 ET on Friday. The change in nonfarm payrolls will be watched carefully to see if it disappoints or not versus market expectations. In April, nonfarm payrolls rose ...
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US diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth. Product supplied of distillate — the fuel that powers trucking, heating and heavy industry — plunged to 3.67 million barrels a day, according to monthly data from the US Energy Information Administration. That figure marks a downward revision ...