Oil prices jumped ~3% in early on Monday
OPEC+ considers cutting output by more than 1 million barrels a day
Biggest reduction since the pandemic, in a bid to support the market
Oil prices have tumbled for four straight months
Gold Steadies Above $1,650 as Safe Haven Appeal Creeps Back in
Copper dropped as aggressive monetary tightening around the world has stoked fears of a global recession and dampened the demand.
Soybeans Hits 8-week Low
Soy stocks rose unexpectedly
US stocks of soy rose to 0.274 billion bushels vs 0.256 billion bushels YoY.
#commoditynews #commodityupdate #oilprices
Vinnii Motiwala is here with more details
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