Headlines July 1

US Senator Ernst: GOP Senators have asked Biden to end the trade war with China.

Fed's Harker: High inflation near the end of the year could have an impact on the rate outlook.

OPEC Delegate: The UAE has requested a new cuts baseline in the OPEC+ deal.

OPEC Delegates: OPEC+ is considering extending discussions by one day.
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ECB's Weidmann: I am not convinced by average inflation targeting.

The OPEC+ ministerial committee suggests to OPEC+ that oil output be increased by 0.4 mln bpd per month from August to December - Source.

OPEC+ agreement is likely to include monthly oil output hikes of less than 0.5 mln bpd until Dec 2021 - OPEC+ source. (WTI Crude Oil strengthens)