Loading…
Oil futures settled at multi-week highs as US inventory data showed a larger weekly crude and fuel draw. Brent rose more than 6% to about $118 a barrel, and June WTI gained about 7% to around $106.
Higher crude and diesel costs raise energy and transport expenses for feed mills and farms, and tend to support soybean oil and biofuel-linked feedstock prices.
reuters.comShariq KhanMay 1, 2026Not 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.
