Oil fell after Iraq said it won’t agree to more output cuts at the next OPEC+ meeting, raising the stakes in the run-up to the gathering on June 1. Brent traded below $83 a barrel after losing 1.3% on Friday, while West Texas Intermediate was near $78. Oil Minister Hayyan Abdul Ghani told reporters at the weekend that Iraq has cut enough, although it wasn’t clear if he was referring to an extension or a deeper reduction. Later, he said any decision was a matter for OPEC, and the country would stick to what the group decides. Crude’s year-to-date advance has been underpinned by the supply cuts imposed by the ... (full story)