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Brent and WTI settled roughly flat as investors weighed an IEA forecast of a market surplus against a slight upward revision to demand expectations for next year. Brent settled at $73.41 and WTI near $70.
Balanced signals from supply and demand forecasts leave crude prices steady, so energy-linked costs for feed production show no clear direction.
reuters.comDec 12, 2024After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.
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.
