The White House: US President Biden will hold a private meeting with Jordanian King Abdullah next week.

The White House: The United States hopes that dialogue on the Rafah issue will continue.

Intercontinental Exchange (ICE): As of the week ending April 30, the speculative net long position in gasoline futures increased by 40 contracts to 49,576 contracts; the speculative net long position in Brent crude oil futures increased by 24,942 contracts to 320,773 contracts.

According to Interfax: A Russian government decree states that Russia is banning the export of sugar products before August 31.

Hamas has confirmed that a delegation will visit Cairo, Egypt, on Saturday, Hamas officials said.

The Federal Reserve accepted a total of $450.165 billion from 70 counterparties in fixed-rate reverse repurchase operations.

"Federal Reserve Mouthpiece" Nick Timiraos: The latest calculation of the "Sam Rule" recession indicator shows that the (unrevised) three-month average unemployment rate is 0.36 percentage points above the lowest level in the previous 12 months, the highest reading in the current cycle.

U.S. White House economic adviser Boushey: U.S. President Biden remains committed to lowering prices.

Baker Hughes: In the week ending May 3, U.S. drilling companies saw the largest weekly drop in oil drilling equipment since November 2023.

Baker Hughes: The number of U.S. natural gas drilling rigs fell to the lowest level since December 2021.

U.S. White House economic adviser Boushey: We have witnessed the black unemployment rate hit a historic low.

U.S. White House economic adviser Boushey: Wages continue to grow at a healthy pace.

Baker Hughes: U.S. drillers cut oil and gas drilling equipment by the most in a week since September 2023 in the week ending May 3.

Baker Hughes: U.S. drillers cut oil and gas drilling equipment for the second consecutive week in the week ending May 3.

The total number of drilling rigs in the United States as of the week ending May 3 was 605, compared with 613 in the previous week.

U.S. President Joe Biden vetoed the House resolution of disapproval of the National Labor Relations Board’s “joint employer” rules.