Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
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Oil prices edged higher early Friday but remained on track for a weekly decline amid rising supply prospects and mixed signals on global demand. Brent crude futures rose 5 cents to $66.60 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed 6 cents to $62.85. Both benchmarks are set for weekly losses of 2% and 2.9%, respectively.
Potential supply increases are weighing on sentiment. OPEC+ members, including top producers Russia and Saudi Arabia, have proposed accelerating output hikes for a second month in June. Meanwhile, Russian Foreign Minister Sergey Lavrov signaled progress toward a ceasefire in Ukraine, stating that talks with the U.S. were “moving in the right direction,” though key issues remain unresolved. A resolution could ease sanctions and boost Russian oil exports.
U.S. President Donald Trump also addressed the conflict, sharply criticizing Russia after missile and drone attacks on Kyiv, urging President Vladimir Putin to "STOP!"
Adding further to supply pressures, Iranian Foreign Minister Abbas Araqchi expressed readiness for renewed nuclear talks with Europe. Successful negotiations may lead to the lifting of sanctions on Iran’s oil exports. Iran ranks as OPEC’s third-largest producer.
Despite these developments, global demand remains uncertain. The ongoing trade conflict between the U.S. and China—world’s largest oil consumers—is disrupting supply chains and driving up business costs, prompting fears of a broader economic slowdown. These concerns continue to overshadow gains and cloud the outlook for energy demand.
While oil prices saw a slight uptick, the market remains cautious amid geopolitical volatility and conflicting economic signals. Traders are closely watching developments in Ukraine, OPEC+ decisions, and U.S.-China trade tensions for clearer direction.
