Milley, Chairman of the Joint Chiefs of Staff: The Ukrainian counteroffensive has been slower than expected, but steadily moving forward.

The total U.S. rig count fell for the ninth straight week.

Milley, Chairman of the Joint Chiefs of Staff: Ukrainian counteroffensive is making progress.

The total number of natural gas drilling rigs in the United States in the week to June 30 was 124, compared with the previous value of 130.

The Brazilian real was up 1% against the dollar in spot market trades.

U.S. Treasury Secretary Yellen: The U.S. is building a national semiconductor ecosystem that is already growing. The boom in manufacturing construction, largely driven by computer, electronics and electrical manufacturing, has grown rapidly since it began last year.

Fed Goolsbee: In the weeks leading up to the next Fed meeting, we will have a lot of data.

Fed Goolsbee: There is a lag effect on the impact of interest rate hikes on the economy.

Fed Goolsbee: Commodity inflation is not falling as fast as we expected.

Fed Goolsbee: Hopefully we can get inflation down to target without triggering a recession.

Fed Goolsbee: The strong performance of various industries is encouraging, but we need a balance.

Fed Goolsbee: Inflation has cooled.

Fed Goolsbee: I hope the market remains calm.

U.S. Treasury Secretary Yellen: Will be committed to achieving the fairest economic recovery in history.

COMEX silver broke through $23 an ounce, up 0.89% on the day.

U.S. Energy Information Administration (EIA): Crude oil production in New Mexico rose 1% in April to 1.86 million barrels per day, a record high.

U.S. Energy Information Administration (EIA): Crude oil production in North Dakota rose 0.9% in April to 1.1 million barrels per day, the highest level since February.

U.S. Energy Information Administration (EIA): Crude oil production in Texas fell 0.3% in April to 5.398 million barrels per day, the lowest level since February.