U.S. stock futures for the three major indices extended gains after the June nonfarm payrolls release; Nasdaq futures rose 0.4%.

Rising energy flows through the Strait of Hormuz have prompted UBS to lower its oil-price forecasts. UBS now expects Brent to average $84/bbl this year, down $9/bbl from its prior view, and has cut its 2027 Brent forecast to $75/bbl from $85. The bank cites reduced geopolitical risk and a rapid supply rebound that drove prices lower than expected. UBS sees a modest H2 rebound to around $80/bbl as Gulf floating storage normalizes and demand recovers, but says the path to normalization may be bumpy and risk premia could remain elevated. Inventory restocking should support prices through end‑2027, though the required rebuild is smaller than its earlier 1 billion‑barrel estimate.

Per an SEC filing, Exxon Mobil Corp will complete a domicile change and reorganization on July 1, 2026, and begin trading on the New York Stock Exchange under ticker XOM on July 2, 2026.