[MARKET UPDATE] Overnight risk sentiment gradually deteriorates amid higher oil prices and yields, while the buck is also firmer and pressure is seen in across metals

The rising oil prices and yields indicate growing inflationary pressures, which typically weigh on risk sentiment. A stronger dollar further exacerbates this by making USD-denominated assets more expensive for foreign investors, leading to potential selling in metals. Overall, this environment suggests increased caution among investors, impacting both energy and commodity markets significantly.