Commodities News

Crude Oil Futures Retreat as Saudi Oil Policy Seen Unchanged

West Texas Intermediate retreated from the biggest gain since September amid speculation a drop in Saudi Arabian oil supply to the market isn’t a signal for production cuts. Brent widened its premium to WTI.

Corn, Soybeans Fall as Dry Weekend Weather Seen Favoring Harvest

Corn futures fell from a seven-week high and soybeans dropped on speculation that favorable weather will boost harvests forecast to be the biggest ever in the U.S., the world’s top producer of the crops. Wheat declined.

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