Daily Oil Fundamentals
Oil Availability Continues to Increase
06 Jul 2026Oil Availability Continues to Increase
The script did not change last week. Equities remained resilient, but oil investors were wary. Although the AI sector wobbled occasionally, the South Korean equity index staged a robust rebound on Friday. The eagerly awaited US jobs report showed an increase of just 57,000 jobs in June, well below expectations. When disappointing labour market data are coupled with lower inflation expectations driven by cheaper energy, monetary luminaries will think twice or even thrice before contemplating an increase in the cost of borrowing.