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Fuel oil trend

Rotterdam: $ 2 higher.
Singapore: $ 4 higher.
US Gulf: $ 1 lower.

Market volatility in the high seat this afternoon (Brent: 108.8)

According to Libya's state-run National Oil Corp, oil output has increased to 171,000 bpd as protests in the central regions have ended. Libya is member of OPEC which will meet next week in Vienna (11 June).

The G7 summit ended yesterday. This was the first time in years where Russia did not participate; due to the recent events in Ukraine.

Expectations of economic recovery in Europe rose on Thursday as the European Central Bank (ECB) announced a number of easing measures to spark growth in the area and avoid deflation.

Today's most important economic key number will be this afternoon's U.S. employment status with the Nonfarm Payroll and Unemployment Rate data (coming up at 14.30 CET). Yesterday's Initial Jobless Claims came out a bit below expectations (312K versus 304K previous). Expect volatility in the market around these numbers.