Loading…
US crude fell about 3% to $63.01 a barrel on April 2, its sharpest one-day drop since early February. The decline followed a surprise build in Cushing, Oklahoma stockpiles and intensifying trade-war fears that raised concerns about crude demand.
A surprise Cushing stock build signals ample near-term US supply, while trade-war worries cut demand expectations, pressuring crude and energy-linked feed input costs.
marketwatch.comRachel Koning Beals, Mark DeCambreApr 2, 2018Not 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.
