Group 1 - OPEC+ announced an unexpected production increase of 41,100 barrels per day on May 3, indicating a shift towards a low oil price strategy to manage overproduction from member countries like Kazakhstan and Iraq [3][4] - This production increase may help maintain long-term unity within OPEC+, but could also lead to oversupply, prompting traders to significantly reduce their positions [3][4] - WTI crude oil prices are expected to drop to $50 per barrel in Q4 2023, reflecting a 6.3% decrease from the previous month and a cumulative decline of 21.2% since the beginning of 2023 [4] Group 2 - The net long positions in copper futures decreased by 35.5% to 19,369 contracts as of the week ending May 2, despite stable copper prices during the same period, indicating increased bearish bets on copper imports [5] - The net positions in dollar futures shifted from a net long of 7,041 contracts to a net short of 449 contracts, reflecting growing investor concerns about the U.S. economic outlook and interest rate uncertainty [6][9]