MUMBAI – Rubber contracts closed lower on the Indian Commodity Exchange today as overall sentiment remains bearish after the ongoing nationwide lockdown was extended to May 17, hitting trade in key markets of Kerala.

SINGAPORE (Reuters) - The dollar handed back a sliver of recent gains to commodity currencies on Tuesday as oil prices bounced back, but hung on against the yuan as traders weighed optimism about a coronavirus recovery in China against fears about rising Sino-U.S. tensions.

NEW YORK Reuters) - A late Wall Street rally is expected to lead Asian stocks higher on Tuesday after tech shares and oil rose on easing coronavirus restrictions and prospects of an economic recovery, overcoming concerns about renewed Sino-U.S. trade tensions.

MELBOURNE (Reuters) - Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on expectations that fuel demand will begin to pick up as some U.S. states and nations in Europe and Asia start to ease coronavirus lockdown measures.

Oil futures finished higher on Monday, with U.S. prices back above $20 a barrel, supported by recent announcements of voluntary production cuts by U.S. oil firms struggling against a backdrop of weak demand for crude.

Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil demand and production cuts from OPEC+ and shut-ins elsewhere to support oil prices next year.