Market News

    Oil climbs ahead of EU meeting on Russia sanctions

    MELBOURNE, May 30 (Reuters) - Oil prices rose to two-month highs on Monday as traders waited to see if the European Union would reach an agreement on banning Russian oil ahead of a meeting on the sixth package of sanctions against Moscow for its invasion of Ukraine.

    Dollar drifts toward monthly loss as Fed bets ease

    SINGAPORE, May 30 (Reuters) - The dollar nursed last week's losses on Monday and headed for its first monthly drop in five months as investors have scaled back bets that rising U.S. rates will spur further gains fears of a global recession have receded a little.