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Oil prices rise as OPEC+ anticipates increased production, easing geopolitical tensions.
Oil prices slightly increased as investors anticipate OPEC+ will announce a production hike of 411,000 barrels per day for August, bringing the total increase for the year to 1.78 million barrels per day.
This expected increase, along with trade negotiations and a ceasefire between Israel and Iran, has reduced geopolitical risks.
Meanwhile, corn and soybean plantings are projected to change, with corn acreage up and soybean acreage down compared to last year.
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Los precios del petróleo suben a medida que la OPEP+ anticipa un aumento de la producción, aliviando las tensiones geopolíticas.