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ASX to rise, US stocks edge higher

ASX to rise, US stocks edge higher
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Oil strikes 2018 highs on demand recovery, Iran nuclear talks

OPEC+ may increase output by 500,000 bpd in Aug - ANZ, ING U.S. adds rigs for 11th month in row - Baker Hughes SINGAPORE, June 28 (Reuters) - Oil prices hit and then recoiled from highs last seen in October 2018 on Monday as investors eyed the outcome of this week s OPEC+ as the United States and Iran wrangle over the revival of a nuclear deal, delaying a surge in Iranian oil exports. Brent crude for August had slipped 16 cents, or 0.2%, to $76.02 a barrel by 0318 GMT while U.S. West Texas Intermediate crude for August was at $73.93 a barrel, down 12 cents, or 0.2%.

Commodities remain a popular bet despite recent declines

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