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TDS strategists expect CTAs to sell WTI crude this week and argue OPEC+ is pivoting strategy by adding barrels in seasonally favorable months. They say markets will struggle to absorb the extra supply after summer.
Fund selling and expected OPEC+ supply weigh on crude prices, which influence diesel and biofuel feedstock economics.
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.