OPEC/Non-OPEC to Meet; NZ and German Elections in Focus

Crude oil prices climbed higher modestly as traders await the OPEC/non-OPEC meeting today. The front-month WTI crude oil contract added +0.28% and settled at 50.55 while the Brent contract was up +0.25% and settled at 56.43. Precious metals were pressured further after Fed's formal announcement of balance sheet reduction and the signal to raise the policy rate one more time this year.

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OPEC/Non-OPEC to Meet; NZ and German Elections in Focus