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Brent crude futures rose to near five-month highs on January 8 as the prompt spread widened, with the first-month Brent premium to the six-month contract reaching $3.05 a barrel. The premium had risen more than 50% so far this year.
Tightening prompt supplies signal firmer near-term energy costs, which can support diesel and biofuel-linked vegetable oil prices.
reuters.comAlex LawlerJan 8, 2025Not 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.
