Monday: Oil falling as Saudis hike output

Oil prices are set to fall again with Saudi Arabia expected to force through a deal to increase output later today. Australia’s election result suggests incumbent Governments are safer than they used to be. ANZ Research trims its Australian GDP forecasts. And Indonesia’s GDP growth is softening. In our bonus Deep Dive interview, ANZ Senior Commodities strategist Daniel Hynes says metals markets should prepare for strategic reserves building of the type already seen in oil markets. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/