Commodity Roundup: Oil retreats, copper at 2-mnth high; Fed minutes in focus

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Oil prices fell on Tuesday after rising more than 2% in the previous session, as market participants turned cautious ahead of a meeting of much-anticipated OPEC+ this Sunday when the producer group may discuss deepening supply cuts.

RBC Capital analyst Helima Croft to Reuters: “We

Meanwhile in the precious metals market, prices of gold, silver, platinum and palladium advanced with support from a softer dollar before the minutes of the Federal Reserve’s last meeting, which investors will use to gauge which way rates are headed.

Elsewhere among agriculture commodities, soybeans, wheat and cocoa traded higher.

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