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Light sweet crude settled just under $50 per barrel on the New York market on October 17, after dropping modestly. Natural gas dropped to settle at $3.24 per MMBtu and has stayed near or above $3 since mid-September.
Modest crude weakness with gas holding steady gives little new signal for feed input costs, so the market impact is minor.
ogj.comPaula DittrickOct 18, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
