Stock futures rebound ahead of labor reports
U.S. equity futures traded higher Thursday morning as equities rebound from Wednesday’s losses. Traders will study two reports on private-sector hiring for May and weekly jobless claims.
Oil falls as Saudi Arabia ready to pump more if Russian output sinks
The price of oil traded lower Thursday morning, falling by more than 2%. Saudi Arabia is reportedly prepared to increase oil production if Russia’s output falls substantially under the new sanctions imposed by the European Union.
Gasoline jumps to fresh record high
The average price for a gallon of gasoline
in the U.S. rose to a record on Thursday at $4.715, according to the latest numbers from AAA. The price on Wednesday was $4.67. The price of diesel increased to $5.556 from $5.538.
Bitcoin stabilizes after Wednesday plunge
Bitcoin fell below $31,000 after a drop of more than 6% on Wednesday. It was the largest drop since an 8% fall in early May. Stocks also declined. Bitcoin is down 36% year-to-date. Ether is around $1,800. Dogecoin is around 8 cents.
Read More: Stock futures gain, oil falls, gasoline reaches new high: LIVE UPDATES