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Brent settled 28 cents higher at $72.56 and WTI rose 27 cents to $68.70 after a steep draw in US fuel stocks. US crude stocks rose 2.1 million barrels and gasoline inventories hit a two-year low.
The IEA said global supply will exceed demand in 2025 and the dollar hit a one-year high.
Tight US fuel inventories support diesel prices, while the IEA oversupply outlook and stronger dollar cap crude gains, leaving energy input costs mixed for feed buyers.
reuters.comArathy SomasekharNov 14, 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.
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.
