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Oil prices followed equities lower after heavy losses, with WTI opening at $66.36 on October 25. Diesel futures showed signs of recovering while gasoline stayed depressed, after an API report of a large crude build and an EIA report showing mixed inventory moves.
Equity-driven selloffs and rising crude inventories pressure energy prices, which lowers diesel and biofuel-linked input costs but adds volatility for feed freight budgets.
fuelsmarketnews.comDr. Nancy YamaguchiOct 24, 2018fuelsmarketnews.comDr. Nancy YamaguchiOct 25, 2018Not 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.
