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Crude oil and petroleum product trading was quiet in the week ending July 26, with WTI settling near $56.16. Prices were held between Strait of Hormuz tensions and signs of slowing global growth.
US natural gas futures hit a three-year low.
Sideways crude prices and a three-year low in natural gas point to softer energy input costs for feed producers, while weak global growth signals restrained demand.
fuelsmarketnews.comAbout The AuthorJul 30, 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.
