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Oil prices dropped on Thursday as concerns over slowing US economic recovery and renewed coronavirus travel restrictions in Europe weighed on demand. WTI fell 0.9% to $39.56 and Brent fell 0.8% to $41.43, despite a US crude and fuel stock draw.
Weaker fuel demand outlook from lockdowns and a stronger dollar pressure crude prices lower. Lower energy prices reduce biofuel feedstock economics, which can weigh on vegetable oil and related feed prices.
financialpost.comReutersSep 24, 2020Not enough comparable past events yet for a historical read.
Not 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.
