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Oil was little changed on Sept. 30 but posted a 17% loss for the third quarter, its biggest quarterly drop in a year.
Brent for November delivery settled at $71.77 and WTI at $68.17. Demand concerns outweighed fears that Middle East conflict could curtail supply.
Sharp quarterly declines reduce energy input costs and soften biofuel feedstock values, though Middle East risk keeps some support under prices.
businesstimes.com.sgSep 30, 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.
