HONG KONG, June 21 (Reuters) - The Australian dollar rose on Tuesday after the central bank flagged more rate hikes were on the way, but the uptick was restrained by lower commodity prices, while the Japanese yen languished near a 24-year low.

MELBOURNE, June 21 (Reuters) - Oil prices rose 1% in early trade on Tuesday, clawing back more of last week's losses as the focus returned to the tight supply of crude and fuel products versus concerns about a recession hitting demand down the track.

HONG KONG, June 21 (Reuters) - Asian stocks and U.S. share futures turned higher on Tuesday as the market took stock after a recent steep selloff, but concerns remain that aggressive central bank rate hikes to curtail inflation could spark a global recession.

The global supply of natural rubber (NR) has further improved to 991,000 tons in May 2022 and resulted in a lower supply shortage to 198,000 tons with global demand estimated at 1.189 million tons during the same reference period. Although NR markets for both futures and physical markets have posted an upward trend for May 2022, the average price across key markets has inched lower compared to the previous month. This is because these markets have weighed on the impact of the lockdown of China and the prolonged geopolitical conflicts between Ukraine and Russia despite favourable market fundamentals as per estimates given up to May 2022. 

SINGAPORE, June 20 (Reuters) - Oil prices edged down on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand offset worries about tightening supplies.

SYDNEY, June 20 (Reuters) - Asian shares were unable to sustain a rare rally on Monday as Wall Street futures shed early gains amid worries the U.S. Federal Reserve would this week underline its commitment to fighting inflation with whatever rate hikes were needed.