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Oil rose nearly 3% on Monday after OPEC+ decided to delay a planned output increase by one month. Brent settled at $75.08 and WTI at $71.47.
The delay supports crude prices, raising energy and input costs for feed production and possibly lifting vegetable oil values via biofuel demand.
cnbc.comReutersNov 4, 2024
reuters.comArathy SomasekharNov 4, 2024Not enough comparable past events yet for a historical read.
Not 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.
