Oil rises 4% in week as energy crunch shows no signs of easing

SINGAPORE (Reuters) -Oil prices rose on Friday, and were on track for gains of nearly 5% this week, on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the U.S. government would release oil from its strategic reserves for now.

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FXEN NEWS

United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K 4 April 2026

United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K

United Kingdom CFTC GBP NC Net Positions up to £-52.7K from previous £-58.4K 4 April 2026

United Kingdom CFTC GBP NC Net Positions up to £-52.7K from previous £-58.4K

United States CFTC Oil NC Net Positions fell from previous 233.6K to 213.5K 4 April 2026

United States CFTC Oil NC Net Positions fell from previous 233.6K to 213.5K

Eurozone CFTC EUR NC Net Positions down to €0.5K from previous €9.3K 4 April 2026

Eurozone CFTC EUR NC Net Positions down to €0.5K from previous €9.3K

United States CFTC S&P 500 NC Net Positions rose from previous $-80.9K to $-42.5K 4 April 2026

United States CFTC S&P 500 NC Net Positions rose from previous $-80.9K to $-42.5K

Japan CFTC JPY NC Net Positions: ¥-72.9K vs previous ¥-62.8K 4 April 2026

Japan CFTC JPY NC Net Positions: ¥-72.9K vs previous ¥-62.8K

Australia CFTC AUD NC Net Positions: $81.5K vs $70.9K 4 April 2026

Australia CFTC AUD NC Net Positions: $81.5K vs $70.9K

Pound Sterling Price News and Forecast: Slips after blockbuster NFP revives Fed hold outlook bets 3 April 2026

The GBP/USD extended its losses for the second straight day, down 0.12% after a stellar US Nonfarm Payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. At the time of writing, the pair trades at 1.3205. Read More...

GBP/USD slips after blockbuster NFP revives Fed hold outlook 3 April 2026

USD/JPY weakens despite strong US NFP as intervention risks cap gains 3 April 2026

USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data.

US S&P Global Services PMI posts first contraction since 2023 3 April 2026

The US S&P Global Services PMI in March reported that business activity in the sector is slowing sharply, falling to contractionary territory for the first time since January 2023, amid higher inflation and the war in the Middle East.

AUD/USD trims gains after strong US NFP 3 April 2026

AUD/USD reverses earlier gains on Friday as stronger-than-expected US Nonfarm Payrolls (NFP) data supports the US Dollar (USD), adding modest pressure on the Australian Dollar (AUD), while price action remains subdued amid thin liquidity due to the Good Friday holiday.

USD/CAD edges higher after strong US NFP 3 April 2026

The USD/CAD rises some 0.14% on Friday after an outstanding employment report in the US, which nearly tripled economists' projections, according to the US Bureau of Labor Statistics (BLS).

United States S&P Global Composite PMI came in at 50.3, below expectations (51.4) in March 3 April 2026

United States S&P Global Composite PMI came in at 50.3, below expectations (51.4) in March

United States S&P Global Services PMI came in at 49.8 below forecasts (51.1) in March 3 April 2026

United States S&P Global Services PMI came in at 49.8 below forecasts (51.1) in March

EUR/USD shows limited reaction to upbeat US jobs report amid thin holiday liquidity 3 April 2026

EUR/USD trades in a tight range on Friday as a stronger-than-expected US Nonfarm Payrolls (NFP) report lends support to the US Dollar (USD), while the Euro (EUR) holds relatively steady amid thin liquidity conditions due to the Good Friday holiday.

US President Trump: We can easily reopen the Hormuz Strait 3 April 2026

United States President Donald Trump is on the wires on Good Friday, claiming on Truth Social that the US can easily reopen the Strait of Hormuz, take the oil, and make a fortune.

Rio Tinto (RIO): A rising trendline that has earned its reputation, and $98.00 is the next test 3 April 2026

Something caught my attention on the daily chart of Rio Tinto (RIO) this week, and it wasn't the sharp recovery off the recent lows, though that's worth noting too. It was the trendline underneath all of it.

Breaking: Nonfarm Payrolls increase by 178K in March 3 April 2026

Nonfarm Payrolls (NFP) in the United States (US) increased by 178K in March, according to data released by the US Bureau of Labor Statistics (BLS) on Friday. The figure marks a marked reversal from February’s 133K drop (revised from -92K) and came in well above market expectations for a 60K gain.

Pound Sterling Price News and Forecast: GBP/USD trades slightly higher in thin holiday trade 3 April 2026

The British Pound (GBP) trades slightly higher against the US Dollar (USD) on Friday, as modest softness in the Greenback lends some support.

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Oil rises 4% in week as energy crunch shows no signs of easing

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