The Commodities Feed: Stronger dollar weighs on commodities

AI Summary

Oil prices edged lower as Middle East production recovered and immediate supply concerns eased, with Brent near $91 per barrel. OPEC crude output rose by almost 2 million barrels per day in October, led by Saudi Arabia, Iraq, and Kuwait, while a stronger dollar weighed broadly on commodities.

Energy – Oil slips as Middle East output rebounds Oil prices edged lower this morning, with Brent around $91/bbl as recovering Middle East supply eased immediate concerns over availability. OPEC crude production increased by almost 2m b/d in October to 27.16m b/d, led by Saudi Arabia, Iraq and Kuwait. Saudi production climbed to 9.2m b/d, ...