Newsquawk Logo

[MARKET ANALYSIS] Oil futures rebounded and gold is also positive but with upside capped ahead of key US jobs data

Oil futures have bounced back slightly, though gains are limited by a surprising increase in crude stockpiles and ongoing US-Iran tensions.

Newsquawk StaffPublished On the live feed at — 2 more headlines followed before this page went public
Newsquawk headlinesUTC

[MARKET ANALYSIS] T-note futures take a breather after climbing on soft data, while upside is capped overnight amid the closure of cash treasuries trade and ahead of NFP

[MARKET UPDATE] AUD/USD (+0.5%) extends on gains after reclaiming the 0.71 handle for the first time in 3 years, while the tailwinds also follow comments from RBA's Hauser that inflation is too high, which they can't let persist and will do what is needed

[MARKET ANALYSIS] Oil futures rebounded and gold is also positive but with upside capped ahead of key US jobs data

Taiwan's President Lai says Indo-Pacific nations are raising defense budgets and Taiwan must do the same, while he thanks US for its support of Taiwan's defence

RBA Deputy Governor Hauser says Australia's economy is not just 'dig it and ship it', many parts of the economy are doing quite well, adds inflation is too high which they can't let persist and will do what is needed to return it to the band

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.

WTI/Brent: WTI Mar'26 +0.6% / Brent Apr'26 +0.6%

  • Oil futures rebounded from the prior day's trough but with the upside limited after weekly private sector inventory showed a much larger-than-expected build for crude stockpiles, while US/Iran tensions remain in focus after President Trump said he was considering sending a second aircraft carrier strike group to the Middle East to prepare for military action if negotiations with Iran fail. Furthermore, he said that they will either make a deal or will have to do something very tough like last time, and expects the second round of US-Iran talks to take place next week.

Gold: +0.3%

  • Mildly edged higher in choppy trade with participants lacking conviction as key US jobs report looms.

Copper: -0.1%

  • Trades sideways heading to a major key risk event and with a lack of conviction seen in its largest buyer, China, following somewhat mixed Chinese inflation data.
Context

Gold is also up modestly, but uncertainty prevails ahead of key U.S. jobs data that may affect market sentiment and risk appetite. The lack of strong conviction in copper trading reflects broader hesitance tied to mixed economic signals from China.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.