Loading…
Oil futures on both sides of the Atlantic dropped to their lowest since late November, erasing the rally that followed OPEC's production deal. Growing signs of US shale output offsetting the cuts drove the decline.
Rising shale supply that offsets OPEC cuts adds to the global surplus and weighs on crude prices, which feed into energy costs for feed production and transport.
bloomberg.comMark ShenkMay 3, 2017Not 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.
