Following the recent rise towards $80 /b barrel in Brent crude, oil prices are set to remain in the headlines in the week ahead, according to analysts at Rabobank. Key Quotes “The St. Peterburg International Economic Forum will bring together Russian and Saudi energy ministers and a host of world leaders including Russia’s Putin, France’s Macron and Japan’s Abe. The market will be watching for any sign that Russia could be enticed to pump more oil and for signals regarding the degree of support for Iran. Following the pulling out of the US from the 2015 Iranian nuclear deal, Tehran has vowed to uphold its commitments in the pact if the EU can offset renewed US sanctions. Given the US’s threat on EU companies if they continue to trade with Iran, the EU faces an unnerving dilemma.” “Wednesday will bring the release of the minutes of May FOMC meeting. The statement that followed the meeting brought a slight change in the language on inflation. It noted that the Fed’s inflation target is “symmetrical”, which triggered speculation that policy makers could be comfortable with a modest overshoot of inflation about target.” “Investors will look for any further subtle clues in the minutes in order to capture the mood of policy makers. The Fed has signaled that rates are likely to be raised a total of three times this year, though there has been plenty of speculation in the market that policy makers could be persuaded to hike rates by a total of four times. Fed dove Kashkari has written an article for the FT today which outlines his concerns on the lack of wage inflation.” “Brexit negotiations will start again on Tuesday. Last week the cabinet agreed that the UK could remain tied to a customs union with the EU after 2021. This is related to the difficulty in finding an alternative solution to a hard border across the island of Ireland post Brexit amid reports that the technology that would be needed to provide a frictionless border is not yet in existence. Political uncertainty has shaken the pound in the past few session, though EUR/GBP is holding below its May highs.” “The closure of much of Europe today for a holiday can be expected to result in a subdued start to the week. The data calendar will bring the Chicago Fed’s activity index today and includes preliminary US manufacturing PMI data later in the week. PMI data also feature on European calendars this week in addition to Germany’s IFO index and UK CPI inflation and retail sales. The week will bring several speakers from the Fed and the BoE, including an address by Governor Carney.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Greece Current Account (YoY) rose from previous â‚¬-1.294B to â‚¬-0.956B in March FX Street 5 years Following the recent rise towards $80 /b barrel in Brent crude, oil prices are set to remain in the headlines in the week ahead, according to analysts at Rabobank. Key Quotes "The St. Peterburg International Economic Forum will bring together Russian and Saudi energy ministers and a host of world leaders including Russia's Putin, France's Macron and Japan's Abe. The market will be watching for any sign that Russia could be enticed to pump more oil and for signals regarding the degree of support for Iran. Following the pulling out of the US from the 2015 Iranian nuclear deal,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.