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WTI traded below $60 for a 10th straight session, and Brent fell under $70 for the first time since April. Most petroleum contracts were more than 20% below their October highs.
The Fed held rates steady and signaled continued gradual hikes.
A broad energy selloff lowers fuel and fertilizer-linked costs for feed production. Rate-hike signals and a stronger dollar could add further pressure on commodity prices.
tacenergy.comNov 9, 2018Not 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.
WTI below $60 and Brent below $70, with petroleum contracts more than 20% under October highs, shows the broad bearish crude momentum that dragged diesel futures lower, though the dating is slightly earlier.
