Commodities: Brent bounces back on talk of smaller output hike from OPEC+

Commodities were little changed at the start of the week, with a rebound in Brent crude oil futures offsetting weakness in the agricultural space. Oil futures had come under heavy selling pressure on Friday amid speculation that Saudi and Russia were set to push through a hefty increase in production at the next OPEC ministerial meeting, on 20-21 June. Yet according to Capital Economics, the main trigger behind the selling had been a Chinese threat to impose tariffs on US oil exports if ...

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