Brent crude is currently trading above $85 per barrel, marking its highest level since mid-2024. Theoretically, given the magnitude of the risks associated with a potential supply crunch, current prices remain relatively subdued. Since breaking above its downward trendline, Brent has appreciated by approximately $20 per barrel. This upward trajectory mirrors the price action seen in June

NFP preview: February jobs data expected to remain subdued The February jobs report is scheduled for release this Friday; 6th March at 1330 GMT. Analysts are expecting NFP’s to increase by 60,000 last month, and the unemployment rate is expected to remain steady. Average hourly earnings are also expected to remain steady for last month at

The EURUSD rate dived below 1.1600 again in response to the return of oil gains and the cooling of temporary risk appetite on Wall Street. However, the weakness of the common currency was limited by alleged comments from Iran regarding the Strait of Hormuz and new pricing of interest rate hikes in the Eurozone. The