Loading…
Brent rose and then rebounded to finish up 1.9% as OPEC appeared to start its pledged production curbs early. Saudi Arabia raised official prices for the U.S. and Asia, and a report showed a jump in U.S. gasoline inventories that eased gains.
Early OPEC cuts and higher Saudi official prices support crude, which lifts energy and fertilizer input costs for feed producers. A build in U.S. gasoline stocks limits upside.
bloomberg.comAlex NussbaumJan 3, 2019Not 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.
