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Oil settled at a two-month low as a surprise build in US fuel stockpiles signalled weaker demand. Brent settled at $72.53 a barrel and US intermediate crude at $68.62.
Traders also weighed a potential peace deal in Ukraine.
A larger fuel stock build points to softer demand, which pressures crude and diesel prices. Lower diesel and crude costs ease feed-transport and processing expenses.
reuters.comNicole JaoFeb 26, 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.
