Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.

JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.

wallstreetcnJul 8 02:17 ET

Optimistic prospects for interest rate cuts have led to a general increase in major overseas asset classes such as US stocks, gold, silver, and crude oil. Weekly report on major overseas assets.

After the release of non-farm data for the week of July 1-5, the US stock and bond markets rose and the US dollar came under pressure. Upon realizing the 'data detail' that the data in the first two months before non-farm was cut by 0.11 million, US bonds sharply rebounded and the yield curve became steeper.

wallstreetcnJul 7 05:50 ET

Market Chatter: Suncor Reduces Output From the 235,000 BPD Firebag Project Due to Wildfire Risk

Suncor Energy (SU.TO, SU) is curtailing some production at its Firebag thermal oil sands project in northern Alberta with the site under threat from an out of control wildfire, Canadian Press reported

MT NewswiresJul 5 12:23 ET

Wildfire Risk Forces Suncor To Shut Down Firebag Oil Sands Site: Report

Suncor Energy Inc. (NYSE:SU) reportedly temporarily shut down its 215,000 barrel-per-day Firebag oil sands site in northern Alberta.The company also reduced some production as a precautionary measure

BenzingaJul 5 06:32 ET

WTI Moves Below $83.50 Amid Expectations of Increased Supply, US NFP Awaited

West Texas Intermediate (WTI) Oil price trades around $83.50 per barrel at the time of writing.

FXStreetJul 5 05:12 ET

U.S. Oil Growth Is Slowing. What's Next for Prices. -- Barrons.com

Growing U.S. oil production has played an enormous role in the energy market since the pandemic.

Barron'sJul 5 02:30 ET