U.S. seasonally adjusted nonfarm payrolls rose by 172,000 in May, above the market consensus of 85,000.

CME CEO Terry Duffy said he is "very concerned" about the rise of so-called perpetual futures, a contract type that recently received key approval from US regulators. He said the products have little practical use for institutional investors while creating excessive risk exposure for retail traders and added, "I have serious concerns about the contract design. I don't want people who don't understand the product to be forced out by liquidations; they shouldn't be in these contracts."

The UK government has raised its domestic crude price forecast, saying oil could remain around $100/bbl until 2028 even if the US and Iran reach a peace deal, because Gulf energy supplies are now expected to take longer to restore. New government analysis warns energy-price pressures are higher than previously projected and that the global economic outlook has worsened. The government had earlier assumed Gulf supply would recover about six months after hostilities end; it now estimates recovery could take up to 14 months.