Oil prices slid amid the G7 meeting

News of the day, Monday, June 27

The U.S. dollar fell slightly off its 20-year high of 105.79. The dollar index was down 0.35% at 103.608.

European stocks jumped to their two-week highs with the STOXX 600 index up 0.7%.

The rouble weakened today as Russia entered into a sovereign default zone. The Kremlin says that sanctions blocked the ability to send money to bondholders, accusing the West of forcing an artificial default.

The rouble slid 0.5% against the dollar but rebounded shortly after.

Oil prices edged down today as investors wait for any outcomes of the G7 meeting. Brent crude futures slid 8 cents, and WTI crude was down 24 cents.

Key quotes for today:         
Brent — $109.33     
WTI — $107.66  
GBP/USD — 1.2307     
EUR/USD — 1.0580    
XAU/USD — $1840.20