Reuters

Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer group OPEC could relax voluntary output cuts.

World stocks hovered near one-month highs on Wednesday as an expected U.S. interest rate rise overshadowed a generally benign political and economic backdrop.

Asian shares slipped back as investors looked to the Federal policy decision later in the day.

Gasoline price increases slowed, suggesting the Federal Reserve could continue to gradually raise interest rates this year.

The pound fell to a five-day low on Tuesday, reflecting wariness among investors about a parliamentary debate under way on amendments to Britain’s EU withdrawal bill.

U.S. consumer prices rose marginally in May amid a slowdown in increases in the cost of gasoline and the underlying trend continued to suggest moderate inflation in the economy.

Oil prices eased on Tuesday, paring earlier gains, although volatility subsided to its lowest in three weeks.

The British pound edged higher on Tuesday as markets shrugged off weaker-than-expected wage growth data.

Gold prices edged lower on Tuesday as the dollar strengthened following a positive U.S.-North Korea summit.

European shares steadied near their highest level in almost a week on Tuesday with Casino leading gainers as investors warmed to the supermarket’s plans to sell assets.