Crude prices on Monday declined for the third straight day. Record US output, expectations of increase in supplies from OPEC is what is bothering the market.

The June 22 meeting of OPEC and allies is going to be a very interesting one and that is where the crude oil prices will take further cues from.

Gold prices continue to decline, other base metal prices also are slightly under pressure, but most importantly this week's G7 summit in Canada will see the trade related headline coming in.

First Published:Jun 4, 2018 8:36 AM IST