A move lower in treasury yields and a weaker USD following some less hawkish comments from some Fed officials yesterday provided a boost to the commodities complex. ICE Brent managed to settle a little more than 2.1% higher on the day, which took it back well above US$81/bbl. The strength in the oil market comes despite the fact that there appears to still be no resolution to the disagreement between OPEC+ members over 2024 production targets. The group are scheduled to meet tomorrow, but if they fail to come to a preliminary deal, we cannot rule out the risk that the meeting is further delayed, which would likely ... (full story)