After ending yesterday at $72.28 per barrel, WTI crude oil inches up to $72.28 per barrel (up $72.28) .
Trading week at a glance - Crude Oil is up to $72.28 per barrel, after closing yesterday at zero cents. Overall, a 0% move or $72.28 this week. (Start trading US crude oil at FXTM today).
Uptick comes while some more positive signs for US crude oil are out as United States Non Farm Payrolls beat analyst expectations of 180,000 and the previous reading of 294,000 with new data of 339,000.
Nevertheless, United States Average Hourly Earnings published Friday came out at 0.3%, falling short of the 0.4% projections and continuing its decline from the previous 0.4% figure. Following a previous reading of 3.4, Unemployment Rate in United States released Friday fell short of the 3.5 figure expected by analysts with an actual reading of 3.7.
Meanwhile, United States ISM Non-Manufacturing PMI (May) released Monday with a figure of 50.3, while the previous figure was 51.9. United States Services PMI came out at 54.9, while a consensus of analysts was expecting 55.1.
Also worthy of note, as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 1 million, following on from the preceding figure of 4.49 million. New data is set to be published today at 14:30 UTC. Tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 235,000 from the preceding figure of 232,000.
Furthermore, the market is looking at United States Core Consumer Prices is expected Tuesday.