Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
Oil markets retreated Thursday amid a confluence of bearish factors. Prices declined as uncertainty grew over U.S. tariff policies, with a 90-day pause ending July 9th and trade agreements with the EU and Japan still unresolved.
This demand concern coincides with OPEC+ producers planning to increase supply by 411,000 barrels per day. China’s service sector showed its weakest expansion in nine months, signaling reduced demand from the world’s largest oil importer. U.S. crude inventories unexpectedly rose by 3.8 million barrels, contrary to analyst predictions of a drawdown.
These factors outweighed Wednesday’s price gains driven by Iran’s nuclear tensions and a U.S.-Vietnam trade deal. Markets await Friday’s U.S. employment report for clues on potential Fed rate cuts that could stimulate oil demand.
