Loading…

August WTI rose about 1.8% and RBOB gasoline gained 0.6% after an EIA report showed a larger-than-expected crude inventory draw and gasoline demand at a 3.5-year high. Gains were limited by talk of a possible US easing of Iranian crude sanctions.
A larger inventory draw and firm demand support crude prices, which lift diesel and freight costs for feed buyers. Sanctions relief talk caps the upside.
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.