Loading…
Oil fell on Friday and was set for a weekly decline as demand concerns and expected OPEC+ supply increases from October weighed on prices. Libyan outages limited the losses, and Iraqi supply was expected to shrink after it exceeded its OPEC+ quota.
Bigger OPEC+ supply and softer demand point to lower crude prices, which reduces energy input costs and pressures vegetable oil prices tied to biodiesel.
ajot.comReutersAug 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.
