Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on Monday due to public holidays in China, the United States and Britain. Brent crude futures (LCOc1) were trading down 15 cents, or 0.3 percent, at $52.00 per barrel at 0253 GMT.
May.28 -- Bank of Singapore's Chief Economist Richard Jerram discusses the U.S. labor market and the economy, and talks about Fed policy. He speaks on "Bloomberg Daybreak: Asia."
May.28 -- Oxford Economics' Louis Kuijs and European Chamber of Commerce's Mats Harborn weigh in on the EU-China summit. They speak on "Bloomberg Daybreak: Asia."
It's a busy week for the economy with only four trading days to pack in some of the most important economic data of the month, including the big May jobs report due out on Friday.
May.28 -- ANZ Banking Group Chief China Economist Raymond Yeung discusses global trade. He speaks on "Bloomberg Daybreak: Australia."
May.28 -- Emirates NBD CIO Gary Dugan weighs in on discussions held at the G-7 meeting. Dugan speaks on "Bloomberg Markets: Middle East."
Following the Washington Post report on Friday that top White House adviser Jared Kushner had approached the Russian ambassador to the US about opening a secret line of communications between Moscow and the Trump transition team in the months prior to his father-in-law's inauguration, the White House has been trying to beat down the story. The administration sent out National Security Adviser H.R. McMaster and Secretary of Homeland Security John Kelly, one a current Army general and the other a retired Marine Corps general, to deliver a similar message over the weekend.
