Oil traders are becoming wary that OPEC+ will increase oil output and further distort the energy demand/supply dynamics.
The U.S. Dollar Index inched lower by 0.04% to trade at 90.843 index points.
Oil prices rose for a fourth straight month, despite its heavy plunge at the last trading session of the month.
The precious metal posted its worst monthly decline since 2016 as gold prices broke below the $1,750 support.
U.S. West Texas Intermediate (WTI) crude futures were down by 0.6%, to trade at $63.17 a barrel thereby giving up all of Thursday's gains.
At the time of writing this report, the blinky metal at the futures market was trading at $1,796.40 per ounce.
The bullion asset regained its lustre after a 2.2% drop recorded in the past week,
Stock traders momentarily increased their selling pressures on technology shares that have rallied through COVID-19 and rotated into cyclical stocks.
Recent price actions reveal it was their lowest since November 30, 2020, as gold prices have plunged by 3% in the week to date
Brent oil futures rallied by 1.20% to trade at $65.11 a barrel, the highest since January 20, 2020.