Commodities: Saudi and Russia signal potential for deal to raise output

Commodities sank as Russia and Saudi Arabia said a deal between major producers to boost their oil output might be on the cards and the US dollar raced back towards its best levels in almost a year. On Thursday afternoon, Saudi energy minister Khalid Al-Falih reportedly said that a deal between OPEC and its allies to raise production gradually was inevitable. Nevertheless, he also indicated that he expected that such an agreement at the cartel's meeting next week would be "reasonable" and ...

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