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U.S. crude futures rose for an eighth straight session on Wednesday, finishing at their highest level in nearly four weeks. Support came from optimism over U.S.-China trade talks, a December output drop by major producers, and a weekly decline in U.S. crude inventories, even as product stocks rose.
Crude gains feed through to diesel and freight costs for feed buyers, and a U.S.-China trade deal would also support demand for commodities more broadly.
marketwatch.comMyra P. Saefong, William WattsJan 9, 2019Not 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.
