... temporarily cool the market. It is important to note that the Baker Hughes report is released after European markets close, so the main price movement in oil in response to it will manifest during the American trading session and in the Monday morning Asian trades. Nevertheless, expectations for this release may influence market activity throughout the day: traders are already incorporating predictions about drilling activity. Overall, today is significant for investors in the commodity market in terms of assessing the balance of supply and demand: geopolitical news and rig statistics collectively inform the outlook for oil prices. Macroeconomic Statistics: Focus on the Canadian Labor Market **Economic data today is modest**, but attention should be paid to the labor ...

... technical indicators confirm this sideways trend: the relative strength index (RSI) on the daily timeframe is around 52, which indicates that the market is not clearly overbought or oversold. The price moves near the 9-day moving average, reflecting the balance between buyers and sellers. The nearest significant resistance level is around $620 - a breakout above this level may signal the development of an upward momentum. Key support is located in the $580 area: a confident downward breakout can intensify ...

... position within the bloc. Overall, geopolitical risks remain one of the main drivers of the reconfiguration of global energy trade routes. While the current market conditions—prices for oil, gas, and coal—are primarily determined by fundamental factors ... ... carriers for individual regions. In conclusion, the energy sectors have reached the midpoint of summer 2025 in a state of relative balance, but with clear signals of forthcoming changes. The oil market remains stable due to coordinated actions of producers,...

... electricity, coal, and RES specialists. Oil Market: Price Growth Amid Trade Optimism and Supply Control By the end of the week, oil prices maintain relative stability: Brent is hovering around $69–70 per barrel. The dynamics of the market are shaped by a balance between positive signals and restraining factors. On one hand, market participants are encouraged by progress in trade negotiations between the U.S. and its partners. This week, Washington reached a trade agreement with Japan, and reports indicate a near deal with the European Union. Also, India expressed optimism about reaching agreements with the U.S. before August ...

... overview of the day's pivotal events and corporate reports, tailored for investors from the CIS countries. Macroeconomic Events of the Day (MSK): 11:00 AM – Inflation expectations in the Eurozone (a critical indicator for ECB policy); 3:30 PM – U.S. trade balance (impact on the dollar exchange rate and trade sentiment); 4:00 PM – S&P/Case-Shiller Home Price Index (snapshot of the U.S. real estate market); 5:00 PM – CB Consumer Confidence Index and JOLTS Job Openings (two metrics on U.S. economic health); ...