Oil prices settled higher Monday, driven by growing bets on tighter global crude supplies as Russia is reportedly set to cut oil output at a time when Ukraine continues to target the country's refineries. 

At 14:30 ET (18:30 GMT), West Texas Intermediate crude futures rose 1.64% to $81.95 a barrel, while Brent oil futures rose 1.6% to $86.57 a barrel.  

The U.S. dollar edged lower in European trade Tuesday, in limited volatility after the excitement of last week’s central bank meetings and ahead of the release of key inflation data later in the week.

At 06:10 ET (10:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 103.760, suffering from a minor bout of profit-taking after hitting one-month last week.

Oil prices settled lower Thursday, as growing expectations for a Gaza ceasefire and a stronger dollar weighed, though the prospect of tighter supplies continued to offer support. 

At 14:30 ET (18:30 GMT), the U.S. crude futures settled 0.3% lower at $81.07 a barrel and the Brent contract dropped 0.3% to $85.67 a barrel. 

The dollar rose on Thursday after the Swiss National Bank's surprise interest rate cut bolstered global risk sentiment and underscored the appeal of the greenback amid strong U.S. economic growth.

Sterling slid after the Bank of England (BoE) kept its benchmark interest rate on hold as expected. But after the Federal Reserve projected a less restrictive policy stance than expected on Wednesday, risk assets worldwide soared, as did the outlook for investment flows to the U.S.

Oil prices settled higher Tuesday, driven by optimism about tighter markets this year following softer exports from Iraq and Saudi Arabia. 

By 14:30 ET (18:30 GMT), the U.S. crude futures settle 0.9% higher at $83.47 a barrel and the Brent contract rose 0.6% to $87.38 a barrel. 

The U.S. dollar gained in European trade Tuesday ahead of the start of the latest Federal Reserve meeting, while the Japanese yen slumped despite the Bank of Japan ending its negative interest rate policy. 

At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% higher at 103.640, not far off a two-week high hit earlier in the session.

Bitcoin fell by as much as 6.5% on Tuesday, on track for its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks.

The price was last down 5.86% at $63,419, having dropped to a two-week low of $62,966, while ether fell 6.39% to $3,283.

Bitcoin was trading at $65,940.0 by 05:15 (09:15 GMT) on the Investing.com Index on Friday, down 10.10% on the day. It was the largest one-day percentage loss since November 9, 2022.

The move downwards pushed Bitcoin's market cap down to $1,320.0B, or 51.81% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,435.8B.

The U.S. dollar edged higher in European trade Thursday, retaining recent strength ahead the release of more cues on U.S. interest rates in the form of producer inflation and retail sales data. 

At 06:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 102.490.

Gold prices fell slightly in Asian trade, but kept recent record highs in sight as markets awaited more cues on U.S. interest rates from upcoming producer price index and retail sales data.

Among industrial metals, copper prices also retreated in Asian trade, but remained closed to 11-month highs after reports of production cuts by Chinese smelters pointed to tighter markets. 

Broader metal markets were pressured by some resilience in the dollar before the economic data.