Loading…
Oil climbed about 2% on Wednesday after a drop in US crude inventories, with investors also focused on a Ukraine peace push. Brent settled at $66.84 a barrel and WTI at $63.21.
A larger-than-expected US stock draw supports crude prices, while a possible peace deal would reduce supply-risk premiums, so the net effect on energy costs is mixed.
reuters.comScott DisavinoSep 1, 2025Not 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.
