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WTI Shows Above $41/bbl

COMMODITIES

The energy complex outperformed Monday, with the weak USD backdrop helping support oil prices alongside a statement from OPEC+'s JTC, who suggested delaying the group's planned output hike by as much as six months. This could curb supply hitting the market in the first half of 2021 by as much as 2mln bpd.

Gold was hit hard on Moderna headlines disclosing their vaccine candidate was found to have a 95% efficacy, slipping around $30/oz before rallying into the close on USD weakness. Bulls are still clearly finding trouble topping $1900/oz, after failing twice Monday.

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