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Bloomberg reports that the OPEC+ delay is boosting prices temporarily, but a fresh surplus may emerge early next year. Sluggish Chinese demand has weighed on prices.
Fragile price gains and an expected 2025 surplus point to weaker crude, which lowers energy and freight costs over time but adds volatility for feed input budgeting.
bloomberg.comGrant SmithNov 4, 2024Not 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.
