Loading…
Oil in New York closed below $40 a barrel for the first time in a month as a broader selloff pushed the S&P 500 down over 3%. Crude posted its worst week since June.
Coronavirus flare-ups and OPEC+ supply returns added to concerns about demand.
Persistent demand weakness and rising supply from OPEC+ point to continued pressure on crude, which weighs on energy-linked feed input costs.
worldoil.comAndres Guerra LuzSep 4, 2020Not 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.
